The stock market continues to hit new highs, with investor euphoria at the forefront. Robinhood’s stock closed just under $110 on Friday, up over 380% in the past year and 175% in 2025. The trading exchange benefited from a volatile second quarter and retail buying off April lows, especially in crypto trading.

Quarterly results from big banks showed a strong bull case for Robinhood. The company’s stock surged over 13% after the House passed bills regulating digital assets. Robinhood’s momentum-driven market success mirrors the broader market’s rise. Cathie Wood’s ARK Innovation ETF, including Robinhood, has seen a 90% increase since April.

Robinhood’s rise reflects an actively trading market chasing the next big idea. The company’s plans for crypto and AI contribute to growing expectations. Interactive Broker’s chief strategist notes that momentum drives the market, with traders quickly switching to rally mode after any dip. The market’s predominant direction has been upward since April.

Read more at Yahoo Finance: Robinhood stock is telling the story of the market’s march to record highs