09:15 AM EDT, 08/29/2024 (MT Newswires) -- Financial stocks were edging higher premarket Thursday, with The Financial Select Sector SPDR Fund ( XLF ) up 0.6%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.3% lower.

Blue Owl Capital (OWL) shares were up more than 3% after the company announced a joint venture agreement with Chirisa Technology Parks and PowerHouse Data Centers to develop large-scale AI/HPC data centers.

Canadian Imperial Bank of Commerce ( CM ) stock was up over 2% after the company reported higher fiscal Q3 adjusted earnings and revenue in addition to saying it plans to buy back up to 20 million common shares.

Main Street Capital ( MAIN ) stock was 0.9% higher after the company said it completed a portfolio investment of $11.2 million "to facilitate the majority recapitalization" of MoneyThumb, a financial analysis software serving the cash advance and accounting industries.