---
title: "Sector Update: Financial Stocks Fall Premarket Thursday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287231084.md"
description: "Financial stocks fell premarket Thursday, with the State Street Financial Select Sector SPDR ETF down 0.4%. S&P Global shares dropped over 1% after announcing a spinoff of its mobility division. JPMorgan Chase's stock was down 0.4% as CEO Jamie Dimon indicated a shift towards hiring AI specialists. KKR's shares fell 2.3% following an $80 million investment in Fresha, valuing it over $1 billion."
datetime: "2026-05-21T13:27:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287231084.md)
  - [en](https://longbridge.com/en/news/287231084.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287231084.md)
---

# Sector Update: Financial Stocks Fall Premarket Thursday

09:27 AM EDT, 05/21/2026 (MT Newswires) -- Financial stocks were falling premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% higher.

S&P Global ( SPGI ) shares were down more than 1% after the company said its board of directors has approved the planned spinoff of its mobility division.

JPMorgan Chase ( JPM ) Chief Executive Jamie Dimon said the investment bank will likely hire more artificial intelligence specialists and fewer bankers, Bloomberg reported, citing an interview. JPMorgan Chase ( JPM ) stock was 0.4% lower pre-bell.

KKR (KKR) has made an $80 million primary growth investment in Fresha in a transaction valuing the AI-powered beauty and wellness platform at over $1 billion, Fresha said. KKR shares were down 2.3% premarket.

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

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