Sector Update: Financial Stocks Lean Lower Pre-Bell Thursday
Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.2% higher.Nasdaq (NDAQ) shares were up more than 1% after the company posted higher Q2 non-GAAP earnings and net revenue.First Citizens BancShares (FCNCA) stock was up more than 2% after the company reported higher Q2 adjusted earnings and revenue.Blackstone (BX) stock was down 0.7% even after the company reported higher Q2 distributable earnings and revenue.