SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Sector Update: Financial

· 02/05/2021 04:03

08:56 AM EST, 02/05/2021 (MT Newswires) -- Financial stocks were trading higher pre-bell Friday with the Select Financial Sector SPDR (XLF) climbing by 0.39%. The Direxion Daily Financial Bull 3X shares (FAS) were up nearly 1% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were more than 1% lower.

Lazard (LAZ) was rallying past 5% as it reported Q4 adjusted earnings of $1.66 per share, up from $0.91 per share a year ago. Analysts polled by Capital IQ projected EPS of $0.97.