09:04 AM EDT, 05/08/2025 (MT Newswires) -- Financial stocks advanced premarket Thursday with the Financial Select Sector SPDR Fund (XLF) 0.8% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.5% lower.

Affiliated Managers Group ( AMG ) shares were up over 9% after the company reported Q1 economic earnings that exceeded analysts' expectations.