09:16 AM EDT, 10/08/2024 (MT Newswires) -- Financial stocks were advancing pre-bell Tuesday as the Financial Select Sector SPDR Fund ( XLF ) was 0.5% higher recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.1% lower.

Ares Management ( ARES ) shares were down almost 3% after the company said it has agreed to acquire the international business of GLP Capital Partners and some of its affiliates, excluding its China operations, for $3.7 billion in cash and shares.

Shares of property insurer Heritage Insurance Holdings ( HRTG ) were down 1.5%, extending losses from the previous session fueled by fears related to Hurricane Milton.

Nasdaq (NDAQ) said it plans to launch PureStream, a volume-based trajectory trading service, in Q1 pending regulatory approval in Europe. Nasdaq shares were 0.5% higher premarket.