Sector Update: Financial Stocks Mostly Lower Pre-Bell Thursday
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Financial stocks were mostly lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%. The Direxion Daily Financial Bull 3X Shares (FAS) fell 0.3%, while the Direxion Daily Financial Bear 3X Shares (FAZ) rose 0.4%. Carlyle (CG) and Primo Brands (PRMB) both saw declines of over 5% after reporting lower Q1 earnings. In contrast, Patria Investments (PAX) stock increased nearly 2% following a report of higher Q1 earnings.
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