Financial Sector Update for 05/21/2024: ARES, KKR, XLF, FAS, FAZ

Financial stocks were steady premarket Tuesday as the Financial Select Sector SPDR Fund (XLF) was unchanged recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.1%.

Ares Management (ARES) was up 0.3% after saying it is targeting over $750 billion in assets under management by 2028.

KKR (KKR) was up nearly 3% after saying it has acquired a minority stake in healthcare revenue cycle management firm Infinx Services.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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