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Sector Update: Financial Stocks Decline Premarket Friday

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Sector Update: Financial Stocks Decline Premarket Friday

Jun 14, 2024 6:32 AM

09:09 AM EDT, 06/14/2024 (MT Newswires) -- Financial stocks were down in premarket hours Friday with the Financial Select Sector SPDR Fund ( XLF ) declining by 0.9% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 2.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.4% higher.

Freedom Holding ( FRHC ) was up nearly 4% after it reported higher fiscal 2024 earnings as net revenue increased.

Barclays ( JJCTF ) has been asked to review its exposure to leveraged private equity deals as part of a UK regulator's investigation into the risks taken by lenders, multiple media outlets reported, citing unnamed sources. Barclays ( JJCTF ) was over 4% lower pre-bell.

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