09:00 AM EDT, 08/22/2025 (MT Newswires) -- Financial stocks were advancing premarket Friday, with the Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.9% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.

Blackstone (BX) is set to win the bidding for Warehouse REIT after rival bidder Tritax BigBox REIT said in a filing Friday that it will not raise its offer for the company and that its offer is final. Blackstone stock was 0.7% higher pre-bell.