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Sector Update: Financial Stocks Lean Lower Pre-Bell Tuesday

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Financial stocks were leaning lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% higher.

UP Fintech Holding (TIGR) stock was down more than 2% after the company said it swung to a Q1 non-GAAP loss.

BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported, citing sources and securities filing details. BlackRock shares were 0.5% lower premarket.

UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported, citing a person familiar with the matter. UBS shares were 0.4% higher pre-bell.

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