Sector Update: Financial Stocks Rise Pre-Bell Friday

MT Newswires Live

2025/05/02

Financial stocks rose pre-bell Friday with the Financial Select Sector SPDR Fund (XLF) advancing by 1.6% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 4.7% lower.

ING Groep (ING) shares were up nearly 7% after the company reported Q1 earnings and revenue that topped analysts' expectations.

Piper Sandler (PIPR) shares advanced by nearly 4% after the company reported higher Q1 adjusted earnings and net revenue.

Apollo Global Management (APO) shares were down 1.2% after the company reported higher Q1 adjusted net income, while revenue declined.

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