09:18 AM EDT, 06/17/2025 (MT Newswires) -- Financial stocks were falling premarket Tuesday with the Financial Select Sector SPDR Fund (XLF) recently declining by 0.6%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 1.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.6% higher.

BlackRock ( BLK ) and Sattva Developers-backed Knowledge Realty Trust are preparing for an initial public offering of about 48 billion Indian rupees ($558 million) as early as July, Bloomberg reported, citing people familiar with the matter. Shares of BlackRock ( BLK ) were down more than 1% premarket.

Walker & Dunlop ( WD ) shares were 0.9% lower after the company said it arranged a $125 million loan to finance the construction of Cassi, a 107-unit mixed-use project in Miami, Florida.

KKR (KKR) shares were down 0.7% after the company said it has agreed to acquire Australian power producer Zenith Energy from a consortium of investors that include Pacific Equity Partners, OPSEU Pension Trust, and Foresight Group.