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Sector Update: Financial Stocks Edge Higher Premarket Friday

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Financial stocks were edging higher premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.

Wealthfront (WLTH) stock was down more than 5% after the company posted fiscal Q1 earnings and revenue that missed analysts' expectations, with EPS declining year over year.

Mitsubishi UFJ Financial (MUFG) aims to expand into Japan's underserved SME market with digital financial services slated to launch as early as 2027, Nikkei Asia reported. Mitsubishi UFJ Financial shares were up 0.5% pre-bell.

Apollo Global Management (APO) stock was down 0.3% after the company dropped its bid to acquire UK's Bodycote.

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