Sector Update: Financial

09:05 AM EDT, 09/09/2026 (MT Newswires) -- Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher. HSBC (HSBC) is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported, citing a company spokesperson. Shares of HSBC Holdings were down 1.4% premarket.