09:00 AM EST, 12/30/2024 (MT Newswires) -- Financial stocks were lower pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) recently falling by 1.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 3.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 3.4%.

Garden Stage ( GSIW ) shares were down 1% after saying it received notice from the Nasdaq Stock Market that it is not compliant with the exchange's $1 minimum bid price requirement.

UBS Group ( UBS ) Chief Executive Sergio Ermotti said Switzerland should not set rules for its banking industry that would put the lender at a disadvantage, Reuters reported. UBS shares were down 0.6%.

Primerica ( PRI ) said its household budget index for November showed that the average purchasing power for middle-income families in the US was 103.6%, up 2.8% from a year ago. Primerica ( PRI ) shares fell 0.6%.