financetom
Market
financetom
/
Market
/
Sector Update: Financial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial
Jun 3, 2026 6:23 AM

09:06 AM EDT, 06/03/2026 (MT Newswires) -- Financial stocks were falling pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.6%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.9% higher.

Blackstone (BX) is mulling the sale of payments services provider SP.LINKS, looking to fetch about 100 billion Japanese yen ($626 million) from the transaction, Bloomberg reported, citing sources familiar with the matter. Blackstone shares were down more than 5% premarket.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JGB yields tumble on declines in US peers, safe-haven bets
JGB yields tumble on declines in US peers, safe-haven bets
Mar 10, 2025
TOKYO, March 11 (Reuters) - Japanese government bond (JGB) yields dropped sharply on Tuesday, as U.S. Treasury yields fell overnight and losses in Japan and U.S. equities boosted appetite for safe-haven debt. The 10-year JGB yield fell 5 basis points to 1.525% in its biggest daily fall since January 16. The five-year yield fell 6 bps to 1.105% in its...
Hedge funds unwinding risk as in early days of COVID, Goldman Sachs says
Hedge funds unwinding risk as in early days of COVID, Goldman Sachs says
Mar 10, 2025
NEW YORK, March 10 (Reuters) - Hedge funds unwound positions in single stocks on Friday at the largest amount in over two years, with some activity comparable to March 2020, when portfolio managers cut market exposure during the pandemic, Goldman Sachs ( GS ) said in a note on Monday. U.S. major stock indexes plummeted on Friday, with the Nasdaq...
Citi downgrades US stocks allocation
Citi downgrades US stocks allocation
Mar 10, 2025
SINGAPORE (Reuters) - Analysts at Citi downgraded their U.S. stocks recommendation to neutral and upgraded China, figuring the U.S. economy may no longer outpace the rest of the world in the coming months. We had not fully implemented our view that U.S. exceptionalism is at least pausing, but this has become clearer, Citi's global head of macro, asset allocation and...
Nvidia, Meta Platforms, Oracle, Palantir, And Tesla: 5 Trending Stocks Amid Monday's Market Meltdown
Nvidia, Meta Platforms, Oracle, Palantir, And Tesla: 5 Trending Stocks Amid Monday's Market Meltdown
Mar 10, 2025
The stock market experienced a turbulent day, with the S&P 500 and Nasdaq indices hitting six-month lows amidst growing fears of a potential recession. The Nasdaq 100 saw the steepest declines, led by tech companies such as Tesla and Palantir ( PLTR ). This downturn was fueled by concerns over the U.S. economy, with President Donald Trump referring to the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved