Sector Update: Financial Stocks Advance Pre-Bell Wednesday
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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.
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