Financial stocks were declining premarket Friday, with The Financial Select Sector SPDR Fund (XLF) down 0.4%.
The Direxion Daily Financial Bull 3X Shares (FAS) was 0.6% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.7% higher.
Velocity Financial (VEL) shares were up over 1% after the company reported higher Q4 core earnings and net revenue.
Nasdaq (NDAQ) has been engaging with regulators, market participants and other stakeholders about enabling 24-hour trading five days per week on the Nasdaq Stock Market, President Tal Cohen said in a post on LinkedIn. Nasdaq shares were 0.2% lower pre-bell.
Blackstone (BX) said it has closed its Blackstone Real Estate Debt Strategies V fund, which has about $8 billion of total capital commitments. Blackstone shares were down 0.1% premarket.
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