Sector Update: Financial

MT Newswires Live

2024-06-03

Sector Update: Financial

Financial stocks were steady pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) recently unchanged.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.3%.

Fanhua (FANH) said it will collaborate with Baidu (BIDU) AI Cloud to jointly develop an AI-powered insurance sales assistant application. Fanhua shares were down 2.8% pre-bell.

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