---
title: "Sector Update: Financial Stocks Advance Pre-Bell Wednesday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285386209.md"
description: "Financial stocks showed positive movement pre-bell on Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.6%. The Direxion Daily Financial Bull 3X Shares (FAS) increased by 1.6%, while the Direxion Daily Financial Bear 3X Shares (FAZ) fell by 1.7%. Hut 8 (HUT) shares surged over 30% following a revenue increase in Q1, whereas Upstart Holdings (UPST) and Sixth Street Specialty Lending (TSLX) saw declines of over 8% and 7%, respectively, due to wider losses and lower financial results in Q1."
datetime: "2026-05-06T13:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285386209.md)
  - [en](https://longbridge.com/en/news/285386209.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285386209.md)
---

# Sector Update: Financial Stocks Advance Pre-Bell Wednesday

09:13 AM EDT, 05/06/2026 (MT Newswires) -- Financial stocks were mostly higher pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.6%.

The Direxion Daily Financial Bull 3X Shares (FAS) gained by 1.6%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.7% lower.

Hut 8 ( HUT ) shares were up more than 30% pre-bell after the company reported higher Q1 revenue.

Upstart Holdings ( UPST ) stock was down more than 8% after the company reported a wider Q1 loss.

Sixth Street Specialty Lending ( TSLX ) shares were down more than 7% before the bell after the company posted lower Q1 financial results.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

### Related Stocks

- [HUT.US](https://longbridge.com/en/quote/HUT.US.md)
- [XLF.US](https://longbridge.com/en/quote/XLF.US.md)
- [FAZ.US](https://longbridge.com/en/quote/FAZ.US.md)
- [FAS.US](https://longbridge.com/en/quote/FAS.US.md)
- [UPST.US](https://longbridge.com/en/quote/UPST.US.md)
- [TSLX.US](https://longbridge.com/en/quote/TSLX.US.md)

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