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Sector Update: Financial Stocks Edge Higher Pre-Bell Monday

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Sector Update: Financial Stocks Edge Higher Pre-Bell Monday

Oct 17, 2024 2:42 PM

09:17 AM EDT, 10/14/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Monday with the Financial Select Sector SPDR Fund ( XLF ) recently up 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.3% lower.

B. Riley Financial ( RILY ) shares rose past 17% after the company said it signed an agreement with funds managed by Oaktree Capital Management to create a holding company called Great American Holdings.

SoFi Technologies ( SOFI ) shares were up over 8% after the company said it signed a $2 billion loan platform business deal for personal loans with Fortress Investment Group's managed funds.

CME Group ( CME ) shares were 0.2% higher after the company said its Q3 international average daily volume reached a record 8.4 million contracts, up 29% from a year earlier.

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