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Sector Update: Financial Stocks Decline Pre-Bell Monday
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Sector Update: Financial Stocks Decline Pre-Bell Monday
Oct 2, 2024 11:30 PM

09:10 AM EDT, 09/30/2024 (MT Newswires) -- Financial stocks were declining pre-bell Monday as the Financial Select Sector SPDR Fund ( XLF ) fell by 0.2% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.8% higher.

Nomura Holdings ( NMR ) was excluded as bond manager for multiple Japanese yen bond deals after authorities found market rule breaches, Bloomberg reported, citing underwriter announcements. Nomura Holdings ( NMR ) shares were down more than 3% premarket.

KKR (KKR)-backed OMS Group will reconsider a plan for a public debut of its equity in the next few years, Reuters reported, citing OMS Chief Executive Richard Sun. KKR shares were over 1% lower pre-bell.

Berkshire Hathaway (BRK.A, BRK.B) sold 11.7 million of its shares in Bank of America ( BAC ) for an aggregate of $460.7 million, or at least $39 per share, a regulatory filing showed. Bank of America ( BAC ) shares were 0.4% lower premarket.

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