Sector Update: Financial
Financial stocks were leaning lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.5%. 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% higher. JPMorgan Chase (JPM) stock was down more than 2% even after the company reported higher Q2 earnings and revenue.
Financial stocks were leaning lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.5%.
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% higher.
JPMorgan Chase (JPM) stock was down more than 2% even after the company reported higher Q2 earnings and revenue.