Sector Update: Financial

09:08 AM EDT, 10/12/2026 (MT Newswires) -- Financial stocks were mostly higher pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.2%. The Direxion Daily Financial Bull 3X Shares (FAS) gained 0.5%, while its bearish counterpart, the Direxion Daily Financial Bear 3X Shares (FAZ), fell 0.7%. IREN (IREN) shares were up 4% after The Information reported that Anthropic is the unnamed "frontier AI lab" behind IREN's major cloud-services contract, which co-CEO Daniel Roberts referenced during the company's fiscal Q4 earnings call in August.