Sector Update: Financial Stocks Decline Premarket Thursday

MT newswire2026/10/22 13:15

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09:15 AM EDT, 10/22/2026 (MT Newswires) -- Financial shares were declining premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.5% lower. The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% higher. Blackstone (BX) stock was down more than 4% after the company posted lower Q3 distributable earnings and revenue. Robinhood Markets (HOOD) has received approval from the Dubai Financial Services Authority to launch its retail investing platform in the Middle East, the company said. Shares of Robinhood Markets were down more than 4% pre-bell. Huntington Bancshares (HBAN) stock was down more than 3% after the company reported a decline in Q3 earnings.

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