Sector Update: Financial

09:04 AM EDT, 10/23/2026 (MT Newswires) -- Financial stocks were declining pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.6% lower. The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.9% higher. American Express (AXP) stock was down 1.6% even after the company reported higher Q3 earnings and revenue, and it raised its 2026 earnings per share outlook.