09:01 AM EDT, 05/07/2025 (MT Newswires) -- Financial stocks edged higher premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) advancing by 0.6% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.3% lower.

Payoneer Global ( PAYO ) shares fell by nearly 7% after the company reported a decline in Q1 earnings and suspended its 2025 guidance, citing "current macroeconomic uncertainty."