Financial stocks rallied for a sixth session, reaching overbought levels despite broader tech-led market declines. Key gainers included PayPal (+22%) on Stripe takeover rumors, Visa and Mastercard, and Bank of America. Conversely, Citigroup fell 8% due to higher severance expectations, while crypto-related stocks like IREN and Robinhood suffered significant losses.
Financial stocks overbought amid tech selloff; BofA, PayPal among gainers, Citi, crypto in losers
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