🔴 Financials ETF (DPST) is trading 2.09% down in pre-market after payrolls reduced easing expectations

DPST is trading at $134.09 (-2.09%) after stronger-than-expected August payrolls reduced expectations for near-term Federal Reserve easing.

• August nonfarm payrolls increased 162,000, sharply exceeding expectations near 56,000–58,000; unemployment held at 4.1%.
• Broader futures were mixed to lower, with Dow futures underperforming; the 10-year Treasury yield remained near 4.75%–4.76%.
• Higher-rate concerns pressured financial-sector sentiment, likely explaining DPST’s leveraged pre-market decline despite financial stocks’ potential benefit from higher yields.