Sector Update: Financial
Financial stocks were edging higher pre-bell Friday with the Financial Select Sector SPDR Fund (XLF) recently up 0.2%.
The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1%.
Fanhua (FANH) was 1% higher after saying its board approved an additional $20 million share buyback capacity, increasing its share repurchase program to $40 million.
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