Burford, BGC Group rise, crypto stock rally falters in week’s financial movers


Source: seekingalpha.com seekingalpha.com

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After a stellar pre-Christmas week, crypto stocks lost their luster in the last week of the year, with three of the five weakest financial names being bitcoin miners. For the last five sessions of the week, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) edged up 0.9% and finished the year up 9.9%, lagging the S&P 500's 24% increase. By contrast, bitcoin (BTC-USD) rose 152% in the past year, although the token will still be trading over the weekend and Monday. In the climbers' column, Burford Capital (NYSE:BUR) surged 19% on news that Argentina's new president, Javier Milei, suggested the use...