Sector Update: Financial Stocks Edge Higher Pre-Bell Monday

MT Newswires Live12-08

Financial stocks were edging higher pre-bell Monday, with the Financial Select Sector SPDR Fund (XLF) advancing by 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.

Robinhood Markets (HOOD) shares were up more than 1% after the company said it has agreed to acquire PT Buana Capital Sekuritas, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital asset trader, as part of its broader push into Southeast Asia.

Jefferies Financial Group (JEF) stock was up 4% after the company said it will acquire a 50% interest in Hildene Holding in a cash-and-asset transaction that coincides with Hildene's planned purchase of annuity provider Silac.

UBS Group (UBS) could cut another 10,000 jobs by 2027, Swiss publication SonntagsBlick reported, citing internal information. UBS Group shares were 0.7% higher pre-bell.

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