SPY414.92-5.67 -1.35%
DIA332.96-5.20 -1.54%
IXIC14,030.38-130.97 -0.92%

Sector Update: Financial

05/10/2021 04:56

08:54 AM EDT, 05/10/2021 (MT Newswires) -- Financial stocks were gaining premarket Monday as the Select Financial Sector SPDR (XLF) was recently advancing by 0.56%. The Direxion Daily Financial Bull 3X shares (FAS) were over 1% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down more than 1%.

Lloyds Banking Group (LYG) is nearing a deal to take over Embark Group, a privately-owned provider of savings and retirement solutions, for 400 million pounds ($563.1 million), Sky News reported. Lloyds was 3% higher.