Sector Update: Financial Stocks Edge Higher Premarket Thursday

MT newswire2026/10/15 13:16

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09:16 AM EDT, 10/15/2026 (MT Newswires) -- Financial stocks were edging higher premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.8%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.6% lower. Charles Schwab (SCHW) stock was down more than 5% after the company posted higher Q3 adjusted earnings and net revenue, with net revenue missing analysts' expectations. The Bank of New York Mellon (BNY) shares were up more than 3% after the company reported higher Q3 earnings and revenue. PNC Financial Services (PNC) stock was down more than 1% even after the company posted higher Q3 earnings and revenue.

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On Tuesday, Jay Clayton, Director of National Intelligence and Head of Artificial Intelligence Affairs in the United States, was asked during an interview when recommendations regarding AI would be made. He responded: "We will be rolling them out," but added that he could not commit to an exact date. On October 16, the newly established AI Special Task Force led by Jay Clayton under the Trump administration held its first meeting, with the task force officially operating for a term of 120 days.

华尔街见闻•2026/10/20 21:01