Sector Update: Financial

MT newswire2026/10/09 13:02

09:02 AM EDT, 10/09/2026 (MT Newswires) -- Financial stocks were advancing premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.5% lower. Toronto-Dominion Bank (TD) said the Office of the Superintendent of Financial Institutions Canada has approved the bank's previously announced buyback program of up to 10 billion Canadian dollars ($7.03 billion) of common shares, not to exceed 61 million shares. Shares of Toronto-Dominion Bank were 0.2% higher pre-bell.

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