Shares of banks and other lenders and money managers rose alongside Treasury yields after the November jobs report and signs that stimulus negotiations could bear fruit.
"What you have is the 10-year Treasury yield rising in response to the potential for a stimulus package helping to ignite economic growth," said Quincy Krosby, chief investment strategist at Prudential Financial.
The chief financial officer of Capital One is leaving the lender to take over the finance department at Oscar Health Insurance, an insurance startup.
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(END) Dow Jones Newswires