Sector Update: Financial Stocks Edge Higher Premarket Friday
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Financial stocks edged higher in premarket trading Friday. The State Street Financial Select Sector SPDR ETF (XLF) rose 0.1%, Direxion Daily Financial Bull 3X Shares (FAS) increased 0.3%, and Direxion Daily Financial Bear 3X Shares (FAZ) gained 0.1%. Paychex (PAYX) fell 1% despite higher Q2 earnings and revenue. Banco Bilbao Vizcaya Argentaria (BBVA) rose over 1% on a share buyback announcement. Primis Financial (FRST) increased over 1% after authorizing a repurchase program for up to 750,000 shares.
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