Sector Update: Financial

Last Updated: Friday, August 19, 2022 9:01 AM | MT Newswires

Financial stocks were slipping pre-bell Friday with the Select Financial Sector SPDR (XLF) declining by 0.78% recently. The Direxion Daily Financial Bull 3X shares (FAS) were down more than 2% and the bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were more than 2% higher.

360 DigiTech (QFIN) was more than 5% lower after it reported Q2 adjusted earnings of 6.42 renminbi ($0.96) per diluted American depositary share, down from 10.03 renminbi per ADS a year earlier.

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