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Sector Update: Financial Stocks Lean Lower Premarket Tuesday

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

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was inactive.

HSBC Holdings (HSBC) shares were down more than 1% even after the company posted higher Q2 basic earnings per share and revenue.

Apollo Global Management (APO) reported higher Q2 adjusted earnings and revenue. Apollo was 0.6% lower pre-bell.

Broadridge Financial Solutions (BR) shares were up more than 2% after the company posted higher fiscal Q4 adjusted earnings and revenue.

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