Sector Update: Financial Stocks Edge Higher Pre-Bell Monday

MT Newswires Live06-24

Financial stocks were edging higher pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) up 0.3% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% lower.

Prudential (PUK) was up more than 7% after it said Sunday it launched a $2 billion share buyback program and is starting the first $700 million tranche.

Arthur J. Gallagher (AJG) said it has acquired Implement Compliance Solutions & Resources, or ICSR, for an undisclosed amount. Arthur J. Gallagher was down 0.2% premarket.

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