Sector Update: Financial Stocks Lean Lower Premarket Wednesday

MT Newswires Live

2025/04/16

Financial stocks leaned lower premarket Wednesday as the Financial Select Sector SPDR Fund (XLF) slightly declined by 0.3% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% higher.

Travelers (TRV) shares rose 3% after the company reported Q1 core income above expectations.

Commerce Bancshares (CBSH) shares advanced by over 2% after the company reported higher Q1 net income and revenue.

U.S. Bancorp (USB) shares were up 1% after the company reported higher Q1 earnings and revenue.

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