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Sector Update: Financial Stocks Rise Pre-Bell Friday

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Financial stocks were rising pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.5% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.

Essent Group (ESNT) shares were up 1% after the company reported higher Q1 earnings and revenue.

Burford Capital (BUR) stock was down more than 6% after the company reported that it swung to a Q1 loss.

Brookfield Asset Management (BAM) shares were up 0.7% after the company posted higher Q1 distributable earnings and total revenue.

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