Financial stocks were rising pre-bell Monday, with the Financial Select Sector SPDR Fund (XLF) up 0.2%.
The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.
Western Union (WU) has agreed to acquire International Money Express (IMXI), or Intermex, in an all-cash deal worth about $500 million, the companies said. Shares of International Money Express were up more than 64% premarket.
Mastercard (MA) said it is partnering with IFZA and Global Tax Assistant to launch a digital, artificial intelligence-driven business registration journey in the UAE. Mastercard shares were 0.01% lower pre-bell.
Morgan Stanley (MS) will help South Korean artificial intelligence chip designer DeepX with a new capital raising round ahead of a potential initial public offering in 2027, Bloomberg News reported, citing people familiar with the matter. Morgan Stanley stock was 0.06% higher premarket.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.