Sector Update: Financial Stocks Lean Higher Pre-Bell Tuesday

MT Newswires Live12-10

Financial stocks were leaning higher pre-bell Tuesday, with The Financial Select Sector SPDR Fund (XLF) marginally higher.

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

Arthur J. Gallagher (AJG) shares were down 3.4% pre-bell Tuesday after the company said late Monday it priced an offering of $8.50 billion of common shares at $280 per share.

Carlyle (CG), through its Carlyle Europe Technology Partners, agreed to sell 1E to TeamViewer for $720 million on a cash-free and debt-free basis, TeamViewer said Tuesday. Carlyle shares were down 0.3%.

Lazard (LAZ) on Tuesday reported preliminary assets under management of $234.38 billion as of Nov. 30, down from $235.84 billion a month earlier. Lazard shares were up 0.5%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment