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Sector Update: Financial

RILY

Financial stocks were mixed Wednesday, with the Financial Select Sector SPDR Fund (XLF) recently down 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.6% higher, and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.4%.

B. Riley Financial RILY shares rallied 35% after the company reported improved annual results for 2023.

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