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Banking & Finance

Financial Stocks Edge Lower in Premarket as Friday Session Begins

·15 Aug
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Financial stocks edged lower in premarket trading on Friday, pulling back modestly after a stronger close on Thursday. The State Street Financial Select Sector SPDR ETF (XLF) slipped 0.1%, while leveraged financial sector products like Direxion Daily Financial Bull 3X Shares (FAS) also declined, and its bearish counterpart (FAZ) rose. This mixed performance reflects uncertain sentiment as investors weigh interest rate expectations, credit conditions, and broader economic signals.

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