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Sector Update: Financial Stocks Advance Premarket Thursday
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Sector Update: Financial Stocks Advance Premarket Thursday
Oct 17, 2024 12:04 PM

09:11 AM EDT, 10/17/2024 (MT Newswires) -- Financial stocks were advancing premarket Thursday, with The Financial Select Sector SPDR Fund ( XLF ) up 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.2% lower.

The Travelers Co. (TRV) shares were up more than 6% after the company reported higher Q3 core income and revenue.

Blackstone (BX) stock was nearly 2% higher after the company reported higher Q3 distributable earnings and revenue. The company's board also raised its quarterly dividend to $0.86 per share, payable Nov. 4 to shareholders of record as of Oct. 28.

Huntington Bancshares ( HBAN ) shares were down more than 2% after the company reported lower Q3 earnings and revenue.

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