Sector Update: Financial Stocks Lean Lower Pre-Bell Friday

MT Newswires Live10-18

Financial stocks were leaning lower pre-bell Friday as the Financial Select Sector SPDR Fund (XLF) was down 0.1% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% higher.

Several of Japan's largest financial institutions have suspended trading activities with Nomura Holdings (NMR) following a market manipulation scandal, Bloomberg reported, citing people familiar with the matter. Nomura Holdings shares were over 3% lower premarket.

American Express (AXP) shares declined by nearly 4% even after the company reported higher Q3 adjusted earnings and revenue, and raised its 2024 earnings per share outlook.

Ally Financial (ALLY) shares fell by nearly 6% even after the company reported higher Q3 adjusted earnings and net revenue.

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