Sector Update: Financial Stocks Edge Higher Premarket Friday

MT Newswires Live11-22 22:17

Financial stocks were edging higher premarket Friday as the Financial Select Sector SPDR Fund (XLF) recently advanced by 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.

Abacus Life (ABL) shares fell past 9% after the company priced an underwritten public offering of 12.5 million common shares at $8 apiece.

Lufax Holding (LU) shares were down nearly 2% after the company said Gregory Dean Gibb has retired from the role of co-chief executive officer to dedicate more time to personal matters.

Morgan Stanley (MS) opened its new Southeast Asia headquarters in Singapore's downtown business district this week, media outlets reported. Morgan Stanley shares were up 0.1% premarket.

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