Shares of Robinhood Markets (NASDAQ: HOOD) surged 12.1% on Monday, coinciding with a 0.3% increase in the S&P 500 and Nasdaq Composite. The rise follows Robinhood’s announcement of launching commission-free tokenized trading in the E.U., enabling customers to trade over 200 U.S. stocks and ETFs, including Nvidia and Apple, outside traditional trading hours.
Explain It To Me Like I’m 5: Robinhood’s stock is going up because they are letting people in Europe trade American stocks all day without any fees.
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