From Yahoo Finance: 2025-04-16 23:30:00

Stock market indices fell on Wednesday following Federal Chairman Jerome Powell’s bearish comments on the US economy, warning that tariff policies could lead to inflation. The Nasdaq dropped 3.07%, the S&P 500 declined 2.24%, and the Dow Jones was down 1.73%.

Robinhood Markets, Inc. (HOOD) saw a 7.76% drop on Wednesday after Powell’s statement on softer first-quarter growth. The company heavily relies on trading activity for revenue, which could be impacted by the projected growth slowdown.

Robinhood Markets, Inc. (HOOD) has entered the prediction market platform, allowing investors to trade on outcomes of major events like the upcoming College Basketball Tournaments. The hub will initially be available in the US through KalshiEX LLC, a CFTC-regulated exchange.

HOOD ranks 5th in declining stocks on Wednesday. While the company shows promise, AI stocks may offer higher returns in a shorter time frame. Consider exploring AI stock options for potential investment opportunities.



Read more at Yahoo Finance: Why Robinhood Markets, Inc. (HOOD) Declined on Wednesday