Sector Update: Financial

MT Newswires Live

01/08

Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.8%.

Jefferies Financial Group (JEF) shares were down more than 2% after the company reported fiscal Q4 adjusted earnings of $0.96 per diluted share, compared with the $1.04 estimate from an analyst polled by FactSet.

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