From Barchart: 2025-06-06 16:30:00

Shares of Robinhood (NASDAQ:HOOD) rose 7% after a strong labor market report showed non-farm payrolls increased by 139,000 in May 2025, beating expectations. The stable labor market could boost consumer spending and ease recession fears, supporting economic growth. The stock closed at $74.90, up 3.3% from the previous close. The market views this news as significant but not game-changing for Robinhood, which has seen high volatility. Concerns about inflation and the trade war are driving demand for safe-haven assets like Bitcoin, benefiting companies like Robinhood. The stock is up 90.3% year-to-date, reaching a new 52-week high at $75.04 per share.



Read more at Barchart: Why Is Robinhood (HOOD) Stock Soaring Today