Financial stocks were advancing pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.
The Direxion Daily Financial Bull 3X Shares (FAS) was 1.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.1%.
KKR (KKR), with Dragoneer Investment Group (DGNR) and insurance distributor Amwins, agreed to acquire Steadfast Group in a deal worth approximately 7.7 billion Australian dollars ($5.52 billion), the Australian insurance broking giant said. KKR shares were up more than 2% premarket.
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