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Sector Update: Financial

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Financial stocks were edging higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 1.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 3.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 3.4% lower.

Blackstone's (BX) Blackstone Private Credit Fund said repurchase requests equaled about 10% of shares outstanding in Q2, but it will fulfill requests representing just 5% of its value, according to media reports. Shares of Blackstone were up more than 1% premarket.

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