Sector Update: Financial Stocks Edge Higher Pre-Bell Wednesday

MT Newswires Live04-08 21:19

Financial stocks were edging higher pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 2.3%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 6.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 6.8%.

Sumitomo Mitsui Financial Group's (SMFG) SMBC Group unit will invest $50.5 million to build its second US headquarters in Charlotte, North Carolina, according to a statement from Governor Josh Stein's office. Shares of Sumitomo Mitsui Financial Group were up more than 5% premarket.

Better Home & Finance (BETR) stock was down more than 19% after the company priced a public offering of about 1.9 million class A common shares for roughly $60 million in expected gross proceeds.

CME Group (CME) reported international average daily volume of 11.4 million contracts in Q1, up 30% from a year earlier. CME Group shares were 0.9% lower premarket.

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