09:03 AM EDT, 06/17/2025 (MT Newswires) -- Financial stocks were falling premarket Tuesday with the Financial Select Sector SPDR Fund (XLF) recently declining by 0.5%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.8% higher.

BlackRock ( BLK ) and Sattva Developers-backed Knowledge Realty Trust are preparing for an initial public offering of about 48 billion Indian rupees ($558 million) as early as July, Bloomberg reported, citing people familiar with the matter. Shares of BlackRock ( BLK ) were down 0.5% premarket.