Sector Update: Financial Stocks Lean Lower Pre-Bell Thursday
MT newswire2026/10/08 13:2409:24 AM EDT, 10/08/2026 (MT Newswires) -- Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.4%. The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.7% higher NatWest (NWG) is pulling back from dealing in US and European government bonds and plans to withdraw from primary dealership programs in both markets, Bloomberg reported, citing people familiar with the matter and a company spokesperson. Shares of NatWest Group were down more than 1% premarket. Goldman Sachs (GS) is preparing more than $500 million in equity awards for about 20 senior executives after the bank outperformed most peers over five years, Bloomberg reported, citing filings and people familiar with the matter. Goldman Sachs stock was 0.9% lower pre-bell. Apollo Global Management's (APO) 5.70 billion British pounds ($7.53 billion) takeover of EasyJet is set for completion in early 2027, Bloomberg reported, citing EasyJet Chief Executive Kenton Jarvis. Apollo Global Management shares were down 0.5% premarket.
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