08:59 AM EDT, 06/16/2025 (MT Newswires) -- Financial stocks were advancing pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) 0.8% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.1% lower.

Iren ( IREN ) shares were up more than 2% after the company said it has closed its offering of $550 million of 3.5% convertible senior notes due 2029 in a private offering.