Sector Update: Financial

MT Newswires Live09-28 21:05

Financial stocks were declining pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.2% lower.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% higher.

Burford Capital (BUR) shares were up more than 5% after the company said a jury awarded $5.7 billion in damages to the plaintiff in a patent case involving Apple (AAPL), giving Burford Capital a potential entitlement of about $1.4 billion.

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.

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