09:21 AM EDT, 05/07/2025 (MT Newswires) -- Financial stocks edged higher premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) advancing by 0.3% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.8% lower.

Payoneer Global ( PAYO ) shares fell by over 6% after the company reported a decline in Q1 earnings and suspended its 2025 guidance, citing "current macroeconomic uncertainty."

MarketAxess Holdings ( MKTX ) shares were down 0.8% after the company reported lower Q1 earnings and revenue.

Blackstone Secured Lending Fund ( BXSL ) shares were up 0.9% after the company reported lower Q1 net income and total investment income that increased year-over-year.