Financial stocks rose last week as U.S. Treasury yields fell on delicate macroeconomic data. Financial Select Sector SPDR ETF (NYSEARCA:XLF) advanced 1.6%slightly ahead of the S&P 500 An raise of 1.5%..
Robinhood Markets (NASDAQ: HOOD) he got up most financial stocks (with market capitalization above $2 billion) in the week ended May 17, jumps 23.8%as BofA Securities raised his rating in a stock and cryptocurrency trading app to buy from underperformers;
Futu Holdings (NASDAQ:FUTU), a Hong Kong-based provider of digital securities brokerage and wealth management products, increased by 16.7%;
Bitcoin miner (BTC-USD) Marathon Digital Holdings (NASDAQ:MARA) break raise by 13.3%as the bitcoin price posted a solid weekly gain;
Brazilian lender Inter & Co (NASDAQ:INTR) increased by 11.7%; AND
Riot platforms (NASDAQ:RIOT), another BTC miner, rounded out the top five biggest winners for an raise of 9.4%..
On the other hand, Burford Capital (NYSE:BUR) dropped the most, shifting 7.2%after hearing the results of the first quarter;
Credicorp Peru (NYSE:BAP) retreated by 6.2%;
White Mountains Insurance Group (NYSE:WTM), which published its results for the first quarter during the week, decreased by 4.4%;
Financial synchronization (NYSE:SYF) decreased by 3.9% because the credit card issuer has disclosed an raise in net charges to the card; AND
Loan acceptance in a consumer finance company (NASDAQ:CACC) decreased by 3.5%.