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Sector Update: Financial Stocks Advance Pre-Bell Thursday

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Financial stocks were advancing pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.3%.

Mitsubishi UFJ Financial Group (MUFG), Progmat and Digital Asset Holdings are launching a collaboration on a proof-of-concept to bring Japanese government bond repurchase transactions on-chain through Canton Network, according to a statement. Shares of Mitsubishi UFJ Financial Group were up 1.8% premarket.

Figure Technology Solutions (FIGR) stock was up more than 4% after the company posted higher Q2 earnings and net revenue.

Brookfield (BN) reported higher Q2 distributable earnings and revenue. Shares of Brookfield were down 0.2% premarket.

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