09:12 AM EST, 11/06/2024 (MT Newswires) -- Financial stocks were edging higher premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 5.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up almost 15% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 15.3% lower.

MarketAxess Holdings ( MKTX ) shares were up more than 3% after the company reported higher Q3 earnings and revenue.

American Financial Group ( AFG ) shares advanced by over 7% after the company reported an increase in Q3 revenue.

Hamilton Lane ( HLNE ) shares were up over 1% after the company reported higher fiscal Q2 adjusted earnings and revenue.