Bitcoin miners Riot Platforms, Marathon Digital lead week’s financial gainers


Source: seekingalpha.com seekingalpha.com

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This past week's winners among financial stocks were led by two bitcoin (BTC-USD) miners, while the two biggest losers featured a regional bank and insurance broker. Overall, financial stocks (with market cap over $2B) ended the holiday-shortened week in the red, but outpaced the broader stock market. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) edged down 0.4%, while the S&P 500 retreated 1.2%. Riot Platforms (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA) climbed 32.8% and 13.4%, respectively, even after posting unimpressive bitcoin (BTC-USD) production numbers for June as well as the price of bitcoin slipping 1.4% over the past five sessions; Life...