Stock Market Today, June 10: Robinhood Markets Rises on IPO Underwriting Announcement
Robinhood shows it is at the forefront of innovation once again with approval to underwrite IPOs, today, June 10, 2026.
Stock Market Today, June 10: Robinhood Markets Rises on IPO Underwriting Announcement
Overview
Robinhood Markets (NASDAQ:HOOD), a commission-free trading platform for stocks and crypto, closed Wednesday at $86.36, up 3.09%. The stock moved higher after CEO Vlad Tenev said it had regulatory approval to underwrite IPOs.
Trading volume reached 41.3 million shares, coming in about 41% above its three-month average of 29.2 million shares. Robinhood Markets IPO'd in 2021 and has grown 127% since going public.
Details
The S&P 500 (SNPINDEX:^GSPC) fell 1.62% to 7,267 on Wednesday, while the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 1.98% to finish at 25,170. Within capital markets, industry peers Charles Schwab closed at $89.27, up 0.56%, and Interactive Brokers Group ended at $85.42, down 1.05%, underscoring mixed brokerage sentiment.
Source
Originally published at www.fool.com.
