Crypto-tied stocks top financial gainers for second straight week

News Snapshot:

One of the more notable developments this past week in the financials sector was the drop in short-dated U.S. Treasury yields after a parade of soft economic data and some dovish Fedspeak. With market convinced that the Federal Reserve is done hiking rates, financial stocks (with market cap $2B+) closed out the week ended Dec. 1 in the green, with the Financial Select Sector SPDR ETF (NYSEARCA:XLF) advancing 2.2%, outpacing the S&P 500's 0.8% increase. Upstart Holdings (NASDAQ:UPST), the AI-driven lending platform, rose the most of any financial stock last week, surging 36.4%; With bitcoin (BTC-USD) extending its rally to...