Sector Update: Financial

MT Newswires Live

01/23

Financial stocks were leaning lower premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.5%.

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

Capital One Financial (COF) stock was down more than 3% after the company agreed to buy AI-powered financial software platform Brex for $5.15 billion in cash and stock.

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