Sector Update: Financial Stocks Lean Lower Pre-Bell Tuesday
Financial stocks were leaning lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% higher.MSCI (MSCI) shares were down more than 10% after the company posted Q2 adjusted earnings and operating revenue that missed analysts' expectations.Marsh & McLennan (MRSH) stock was up more than 1% after the company reported higher Q2 adjusted net income and revenue.OFG Bancorp (OFG) shares were up more than 1% after the company posted higher Q2 earnings and core revenue.