
Sector Update: Financial Stocks Lean Lower Premarket Friday

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Financial stocks were leaning lower in premarket trading on Friday. The State Street Financial Select Sector SPDR ETF (XLF) slightly declined, while the Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1% and its bearish counterpart (FAZ) was up 0.1%. KKR's stock fell 0.2% after completing a tender offer for a 55.89% stake in Forum Engineering. Ellington Financial (EFC) shares rose 0.1% after filing a shelf registration statement with the SEC.

