Robinhood tops financial gainers, RenaissanceRe falls the most: Weekly roundup


Source: seekingalpha.com seekingalpha.com

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Financial stocks slipped this past week as a better-than-forecast nonfarm payrolls report knocked some sense into traders' notion that the Federal Reserve's highly-anticipated monetary easing next year may not be as aggressive as they had expected. With the wake-up call induced by the jobs report, financial stocks ticked down for the week ended Dec. 8, with the Financial Select Sector SPDR ETF (NYSEARCA:XLF) inching down 0.1%. The S&P 500, by contrast, edged up 0.2%. Robinhood Markets (NASDAQ:HOOD) rose the most of any financial stock, (with market cap $2B+) this week, surging 25.9%, as the rally in bitcoin (BTC-USD) reflected positively...