Sector Update: Financial

MT Newswires Live

02/11

Financial stocks were edging higher premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.3%.

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

Robinhood Markets (HOOD) stock was down more than 7% after the company reported a decline in Q4 net income, while sales missed market expectations.

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