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Sector Update: Financial Stocks Edge Higher Pre-Bell Tuesday
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Sector Update: Financial Stocks Edge Higher Pre-Bell Tuesday
May 14, 2024 6:54 AM

09:17 AM EDT, 05/14/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Tuesday, with the Financial Select Sector SPDR Fund ( XLF ) up 0.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.5%.

Paysafe ( PSFE ) shares were up past 16% after the company overnight reported higher Q1 adjusted earnings and revenue.

B. Riley Financial ( RILY ) stock was down more than 3%, a day after the company said its quarterly report for the period ended March 31 will be delayed and that it now plans to file the report on Form 10-Q on May 15.

A consortium led by Blackstone (BX) is in talks with Indian food chain Haldiram's for a 75% stake in its snacks business worth up to $8.5 billion, Reuters reported, citing people with direct knowledge of the matter. Blackstone shares were 0.2% lower in recent Tuesday premarket activity.

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