09:27 AM EDT, 05/21/2026 (MT Newswires) -- Financial stocks were falling premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% higher.

S&P Global ( SPGI ) shares were down more than 1% after the company said its board of directors has approved the planned spinoff of its mobility division.

JPMorgan Chase ( JPM ) Chief Executive Jamie Dimon said the investment bank will likely hire more artificial intelligence specialists and fewer bankers, Bloomberg reported, citing an interview. JPMorgan Chase ( JPM ) stock was 0.4% lower pre-bell.

KKR (KKR) has made an $80 million primary growth investment in Fresha in a transaction valuing the AI-powered beauty and wellness platform at over $1 billion, Fresha said. KKR shares were down 2.3% premarket.