Robinhood Markets, Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, значительно упал. Медведи в растерянности.

Strong index, significantly down. The bears are confused.

Сильный индекс, без изменений. Рынок не поддерживает быков.

Strong index, flat. The market does not support the bulls.

Сильный индекс, без изменений. Рынок на стороне медведей.

Strong index, flat. The market is on the bears' side.

Средний индекс, без изменений. Отток средств из лонгов на высоком уровне.

Medium index, flat. Outflow of funds from longs at a high level.

Средний индекс, без изменений. Приток средств в шорты на высоком уровне.

Medium index, flat. Inflow of funds into shorts at a high level.

The S&P 500 Index ($SPX) (SPY) closed up by +0.33% on Thursday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +1.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.05%. December E-mini S&P futures (ESZ26) rose +0.28%, and December E-mini Nasdaq futures (NQZ26) fell -0.14%.
Stock indexes settled mixed on Thursday, with the Nasdaq 100 dropping to a 3.5-week low. Stocks recovered from early losses on Thursday to trade mixed as bond yields fell and as investors rotated out of chip stocks into software and pharmaceutical companies.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
The Nasdaq 100 was under pressure on Thursday amid concerns about the sustainability of the artificial intelligence trade. This week’s rout in chipmakers and AI-infrastructure stocks spread globally, with South Korea’s Kospi Index sinking more than 7% and China’s Shanghai Composite falling to a 14-month low. Thursday’s drop in chipmakers followed Anthropic PBC's disclosure of $16.8 billion in Q3 growth to prospective investors, figures that suggest growth has slowed even as it remains robust.
Stocks were also pressured on Thursday on rising US producer price pressures after the Sep PPI final demand rose +6.3% y/y, stronger than expectations of +5.4% y/y and the most in 3.75 years. Also, Sep PPI ex-food and energy rose +5.0% y/y, stronger than expectations of +4.4% y/y and the most in more than 3.5 years.
Other US economic news on Thursday was mixed, with Sep retail sales and the Oct Empire manufacturing survey rising more than expected and weekly jobless claims near expectations. However, the Oct Philadelphia Fed business outlook survey fell more than expected.
On the positive side, Thursday’s slump in global equity markets sparked a rally in government bond markets, knocking yields lower. The 10-year German Bund yield fell to a 5-week low on Thursday of 3.35%, and the 10-year T-note yield fell to a 3-week low of 5.04%.
US weekly initial unemployment claims rose by +1,000 to 199,000, close to expectations of 200,000.
US Sep retail sales rose +0.8% m/m, stronger than expectations of +0.3% m/m, and Sep retail sales ex-autos rose+0.9% m/m, stronger than expectations of +0.5% m/m.
The US Oct Philadelphia Fed business outlook survey fell by -16.9 to 20.9, weaker than expectations of 28.0.
The US Oct Empire manufacturing survey of general business conditions rose +17.9 to a 4.75-year high of 25.5, stronger than expectations of 12.0.
Stocks and bonds got some support Thursday after San Francisco Fed President Mary Daly said she thinks rate hikes are likely needed, just not immediately, and that she would hold interest rates steady at the October 27-28 FOMC meeting.
Stocks have support from the prospect of solid quarterly earnings results that began this week. Goldman Sachs on Monday raised its three-month view on global equity markets to overweight from neutral, saying. “Earnings growth remains supportive for equities and the recent valuation de-rating has improved asymmetry into the third-quarter earnings season.” According to data compiled by Bloomberg Intelligence, Q3 S&P 500 earnings are expected to climb by +25% from a year earlier, up from a July estimate of 22%. As of Thursday’s close, 38 of the S&P 500 companies have reported results, with 82% beating estimates.
Nov WTI crude oil prices (CLX26) rallied more than +3% on Thursday to a 3-week high. Crude prices are supported by risks to global oil supplies as Yemen's Houthi rebels continue drone and missile attacks across Saudi Arabia, including energy infrastructure. Also, Iranian attacks on shipping attempting to transit the Strait of Hormuz have increased in recent weeks, threatening a rebound in energy supplies from the Middle East. Crude prices raced to their high Thursday after weekly EIA crude inventories unexpectedly fell by -8.56 million bbl.
Markets are discounting a 27% chance of a +25 bp Fed rate hike at the next FOMC meeting on October 27-28.
Overseas stock markets settled lower on Thursday. The Euro Stoxx 50 closed down -0.36%. China's Shanghai Composite fell to a 14-month low and closed down -1.59%. Japan's Nikkei-225 Stock Average dropped to a 4-week low and closed down sharply by -4.90%.
Interest Rates
December 10-year T-notes (ZNZ6) closed up by +21 ticks on Thursday. The 10-year T-note yield fell -10.0 bp to 5.085%. Dec T-notes rallied to a 3-week high on Thursday, and the 10-year T-note yield fell to a 3-week low of 5.035%. Lower inflation expectations were supportive of T-notes after the 10-year breakeven inflation rate fell to a 1-week low of 2.320% on Thursday. Also, dovish comments from San Francisco Fed President Mary Daly were bullish for T-notes when she suggested she would support holding interest rates steady at the October 27-28 FOMC meeting.
Hawkish US economic news on Thursday was bearish for T-notes after US Sep producer prices and Sep retail sales rose more than expected, and the Oct Empire manufacturing survey's general business conditions rose to a 4.75-year high.
European government bond yields moved lower on Thursday. The 10-year German bund yield fell to a 5-week low of 3.353% and finished down -5.3 bp to 3.413%. The 10-year UK gilt yield fell to a 1.5-week low of 5.301% and finished down -5.0 bp to 5.374%.
Eurozone Aug industrial production fell -0.5% m/m, weaker than expectations of no change and the biggest decline in 7 months.
ECB Governing Council member Martins Kazaks said the ECB can afford to take its time adjusting interest rates, despite persistent energy price rises that are set to keep consumer price growth elevated, as the recent surge in government bond yields may start to weigh on economic activity.
UK Aug manufacturing production rose +1.2% m/m, stronger than expectations of no change and the largest increase in 9 months.
Markets are discounting a 9% chance of a +25 bp ECB rate hike at the ECB’s next meeting on October 29.
US Stock Movers
Software stocks rallied on Thursday as investors rotate out of chip stocks into software. Intuit (INTU) and ServiceNow (NOW) closed up more than +6%, and Atlassian (TEAM) and Autodesk (ADSK) closed up more than +5%. Also, Workday (WDAY), Salesforce (CRM), and Adobe Systems (ADBE) closed up more than +4%, Oracle (ORCL) closed up more than +3%, and Thomson Reuters (TRI) closed up more than +2%.
Pharmaceutical stocks moved higher on Thursday amid stock rotation out of AI stocks. Alnylam Pharmaceuticals (ALNY) closed up more than +4%, and Eli Lilly (LLY) and Ionis Pharmaceuticals (IONS) closed up more than +3%. Also, Gilead Sciences (GILD), Vertex Pharmaceuticals (VRTX), Regeneron Pharmaceuticals (REGN), and Jazz Pharma Plc (JAZZ) closed up more than +2%. and Amgen (AMGN) and Biogen (BIIB) closed up more than +1%.
Cryptocurrency-exposed stocks rallied on Thursday after Bitcoin (^BTCUSD) rebounded from a 3.5-week low and moved higher. Circle Internet Group (CRCL) closed up more than +9%, and Coinbase Global (COIN) closed up more than +6%. Also, Strategy (MSTR) closed up more than +5%, and Bullish (BLSH) and BitMine Immersion Technologies (BMNR) closed up more than +4%. In addition, Riot Platforms (RIOT) and Robinhood Markets (HOOD) closed up more than +2%, and MARA Holdings (MARA) and Galaxy Digital Holdings (GLXY) closed up more than +1%.
Chipmakers and AI-infrastructure stocks fell on Thursday on demand concerns after Anthropic disclosed Q3 revenue growth that likely slowed from the previous quarter. Applied Materials (APLD), Lam Research (LRCX), and Seagate Technology Holdings Plc (STX) closed down more than -3%, and Intel (INTC), KLA Corp (KLAC) and Western Digital (WDC) closed down more than -2%. In addition, Nvidia (NVDA), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and SanDisk (SNDK) closed down more than -1%.
Penske Automotive Group (PAG) closed up more than +8% after entering a deal to be taken private for $212 a share in cash by Penske Corporation and Mitsui.
International Paper (IP) closed up more than +6% after the Financial Times reported that private equity firms Lone Star and Atlas Holdings are exploring bids to acquire the company.
Kimberly-Clark (KMB) closed up more than +4% after reporting preliminary Q3 net sales of $4.13 billion, above the consensus of $4.10 billion.
FMC Corp (FMC) closed down more than -30% after cutting its Q3 adjusted Ebitda forecast to a loss of -$510 million to -$565 million, after previously expecting a profit of$120 million to $140 million.
Hewlett Packard Enterprise (HPE) closed down more than -7% to lead losers in the S&P 500, adding to Wednesday’s -7 decline, and Dell Technologies (DELL) closed down more than -6%, adding to Wednesday’s 10% plunge after Barclays downgraded the stocks to equal weight from overweight.
Rocket Lab (RKLB) closed down more than -6% to lead losers in the Nasdaq 100 after announcing that it will delay the launch of its inaugural Neutron medium-lift rocket until sometime in 2027.
Earnings Reports (10/16/2026)
Citizens Financial Group Inc (CFG), M&T Bank Corp (MTB), Regions Financial Corp (RF), Travelers Cos Inc/The (TRV), Truist Financial Corp (TFC).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Stocks Settle Mixed as Broader Market Recovers from Chip Stock Rout

The S&P 500 Index ($SPX) (SPY) is down by -0.57% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.71%. December E-mini S&P futures (ESZ26) are down -0.58%, and December E-mini Nasdaq futures (NQZ26) are down -1.54%.
Stock indexes are mostly lower today, with the S&P 500 falling to a 2-week low and the Nasdaq 100 dropping to a 3.5-week low. The broader market is under pressure today as the rout in chipmakers and AI-infrastructure stocks spreads globally, with South Korea’s Kospi Index sinking more than -7% and China’s Shanghai Composite falling to a 14-month low. Today’s drop in chipmakers followed Anthropic PBC's disclosure of $16.8 billion in Q3 growth to prospective investors, figures that suggest growth has slowed even as it remains robust.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks extended their losses today on rising US producer price pressures after the Sep PPI final demand rose +6.3% y/y, stronger than expectations of +5.4% y/y and the most in 3.75 years. Also, Sep PPI ex-food and energy rose +5.0% y/y, stronger than expectations of +4.4% y/y and the most in more than 3.5 years.
Other US economic news today was mixed, with Sep retail sales and the Oct Empire manufacturing survey rising more than expected and weekly jobless claims near expectations. However, the Oct Philadelphia Fed business outlook survey fell more than expected.
On the positive side, the slump in global equity markets has sparked a rally in government bond markets, knocking yields lower. The 10-year German Bund yield fell to a 5-week low today of 3.35%, and the 10-year T-note yield fell to a 3-week low of 5.04%. Also, investors rotating out of chip stocks into software companies and defensive pharmaceuticals stocks are lifting the Dow Jones Industrials.
US weekly initial unemployment claims rose by +1,000 to 199,000, close to expectations of 200,000.
US Sep retail sales rose +0.8% m/m, stronger than expectations of +0.3% m/m, and Sep retail sales ex-autos rose+0.9% m/m, stronger than expectations of +0.5% m/m.
The US Oct Philadelphia Fed business outlook survey fell by -16.9 to 20.9, weaker than expectations of 28.0.
The US Oct Empire manufacturing survey of general business conditions rose +17.9 to a 4.75-year high of 25.5, stronger than expectations of 12.0.
Stocks and bonds got some support today after San Francisco Fed President Mary Daly said she thinks rate hikes are likely needed, just not immediately, and that she would hold interest rates steady at the October 27-28 FOMC meeting.
Stocks have support from the prospect of solid quarterly earnings results starting this week. Goldman Sachs on Monday raised its three-month view on global equity markets to overweight from neutral, saying. “Earnings growth remains supportive for equities and the recent valuation de-rating has improved asymmetry into the third-quarter earnings season.” According to data compiled by Bloomberg Intelligence, Q3 S&P 500 earnings are expected to climb by +25% from a year earlier, up from a July estimate of 22%. As of today, 32 of the S&P 500 companies have reported results, with 78% beating estimates.
Nov WTI crude oil prices (CLX26) are up +0.20% today. Crude prices are supported by risks to global oil supplies as Yemen's Houthi rebels continue drone and missile attacks across Saudi Arabia, including energy infrastructure. Also, Iranian attacks on shipping attempting to transit the Strait of Hormuz have increased in recent weeks, threatening a rebound in energy supplies from the Middle East. However, today’s selloff in global equity markets is curbing demand for risk assets, including crude.
Markets are discounting a 29% chance of a +25 bp Fed rate hike at the next FOMC meeting on October 27-28.
Overseas stock markets are lower today. The Euro Stoxx 50 is down -0.62%. China's Shanghai Composite fell to a 14-month low and closed down -1.59%. Japan's Nikkei-225 Stock Average dropped to a 4-week low and closed down sharply by -4.90%.
Interest Rates
December 10-year T-notes (ZNZ6) are up by +23 ticks today. The 10-year T-note yield is down -12.5 bp to 5.060%. Dec T-notes rallied to a 3-week high today, and the 10-year T-note yield fell to a 3-week low of 5.041%. Today’s selloff in global equity markets has boosted safe-haven demand for T-notes. Also, dovish comments from San Francisco Fed President Mary Daly were bullish for T-notes when she suggested she would support holding interest rates steady at the October 27-28 FOMC meeting.
Hawkish US economic news is limiting gains in T-notes after US Sep producer prices and Sep retail sales rose more than expected, and the Oct Empire manufacturing survey's general business conditions rose to a 4.75-year high.
European government bond yields are moving lower today. The 10-year German bund yield fell to a 5-week low of 3.353% and is down -10.7 bp to 3.359%. The 10-year UK gilt yield fell to a 1.5-week low of 5.301% and is down -11.3 bp to 5.312%.
Eurozone Aug industrial production fell -0.5% m/m, weaker than expectations of no change and the biggest decline in 7 months.
ECB Governing Council member Martins Kazaks said the ECB can afford to take its time adjusting interest rates, despite persistent energy price rises that are set to keep consumer price growth elevated, as the recent surge in government bond yields may start to weigh on economic activity.
UK Aug manufacturing production rose +1.2% m/m, stronger than expectations of no change and the largest increase in 9 months.
Markets are discounting an 11% chance of a +25 bp ECB rate hike at the ECB’s next meeting on October 29.
US Stock Movers
Chipmakers and AI-infrastructure stocks are falling today on demand concerns after Anthropic disclosed Q3 revenue growth that likely slowed from the previous quarter. The iShares Semiconductor ETF (SOXX) is down more than -3% at a 1-month low. SanDisk (SNDK) and Seagate Technology Holdings Plc (STX) are down more than -7%, and Intel (INTC), Lam Research (LRCX), and Western Digital (WDC) are down more than -6%. Also, Advanced Micro Devices (AMD), Applied Materials (APLD), and Marvell Technology (MRVL) are down more than -5%, and KLA Corp (KLAC) and Micron Technology (MU) are down more than -4%.
Cryptocurrency-exposed stocks are falling today, with Bitcoin (^BTCUSD) down more than -2% at a 3.5-week low. Iren Ltd (IREN) is down more than -10%, and Galaxy Digital Holdings (GLXY) and Riot Platforms (RIOT) are down more than -8%. Also, MARA Holdings (MARA) and BitMine Immersion Technologies (BMNR) are down more than -6%, and Robinhood Markets (HOOD) and Strategy (MSTR) are down more than -5%. In addition, Coinbase Global (COIN) is down more than -3%, and Circle Internet Group (CRCL) and Bullish (BLSH) are down more than -2%.
Cloud infrastructure stocks are under pressure today on debt concerns after credit-default swaps have priced in a more than 50% chance that CoreWeave could default on its debt within the next five years. Nebius Group NV (NBIS) and Lumentum Holdings (LITE) are down more than -8%, and CoreWeave (CRWV) is down more than -6%. Also, Arista Networks (ANET) and Applied Digital (APLD) are down more than -5%.
Software stocks are climbing today as investors rotate out of chip stocks into software. Intuit (INTU) is up more than +5% to lead gainers in the Nasdaq 100, and Autodesk (ADSK) is up more than +4%. Also, Workday (WDAY) and Adobe Systems (ADBE) are up more than +3%, and Salesforce (CRM) and Thomson Reuters (TRI) are up more than +2%. In addition, IBM (IBM) and ServiceNow (NOW) are up more than +1%.
Defensive pharmaceutical stocks are climbing today amid the broader market slump. Amgen (AMGN), Eli Lilly (LLY), Gilead Sciences (GILD), and Vertex Pharmaceuticals (VRTX) are up more than +3%, and Biogen (BIIB), Merck & Co (MRK), Alnylam Pharmaceuticals (ALNY), and Regeneron Pharmaceuticals (REGN) are up more than +2%. Also, Pfizer (PFE) is up more than +1%.
FMC Corp (FMC) is down more than -34% after cutting its Q3 adjusted Ebitda forecast to a loss of -$510 million to -$565 million, after previously expecting a profit of$120 million to $140 million.
Rocket Lab (RKLB) is down more than -13% to lead losers in the Nasdaq 100 after announcing that it will delay the launch of its inaugural Neutron medium-lift rocket until sometime in 2027.
Penske Automotive Group (PAG) is up more than +8% after entering a deal to be taken private for $212 a share in cash by Penske Corporation and Mitsui.
International Paper (IP) is up more than +5% to lead gainers in the S&P 500 after the Financial Times reported private equity firms Lone Star and Atlas Holdings are exploring bids to acquire the company.
Walmart (WMT) is up more than +3% after Deutsche Bank upgraded the stock to buy from hold with a price target of $136.
Kimberly-Clark (KMB) is up more than +3% after reporting preliminary Q3 net sales of $4.13 billion, above the consensus of $4.10 billion.
Commercial Metals (CMC) is up more than +2% after reporting Q4 net sales of $2.66 billion, better than the consensus of $2.54 billion.
Earnings Reports (10/15/2026)
Alcoa Corp (AA), Bank of New York Mellon Corp/The (BNY), Charles Schwab Corp/The (SCHW), First Horizon Corp (FHN), Interactive Brokers Group Inc (IBKR), JB Hunt Transport Services Inc (JBHT), Marsh & McLennan Cos Inc (MRSH), PNC Financial Services Group Inc (PNC), Prologis Inc (PLD), US Bancorp (USB).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart

Stocks Pressured as Chipmaker Selloff Deepens

The S&P 500 Index ($SPX) (SPY) closed down by -1.11% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.02%. December E-mini S&P futures (ESZ26) fell -1.16%, and December E-mini Nasdaq futures (NQZ26) fell -2.10%.
Stock indexes sold off sharply on Wednesday, with the S&P 500 falling to a 1.5-week low and the Nasdaq 100 dropping to a 3.5-week low. Inflation woes dampened market sentiment and sparked stock liquidation on Wednesday after US September consumer prices rose more than expected, reinforcing speculation that the Fed will keep interest rates higher for longer amid sticky price pressures. The chance of a 25 bp Fed rate hike at this month’s FOMC meeting rose to 37% from 22% before the CPI report. Also, the rout in chipmakers continued Wednesday, weighing on the overall market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Wednesday’s broader market slump sparked defensive buying of health care and pharmaceutical stocks, limiting losses in the Dow Jones industrials.
US Sep CPI rose +3.7% y/y, stronger than expectations of +3.6% y/y. Sep core CPI rose +2.6% y/y, stronger than expectations of 2.5% y/y.
The Fed Beige Book was hawkish, noting that a majority of the twelve Fed districts in the six weeks through October 5 reported economic growth, and half saw robust or intensifying price pressures.
Stocks and bonds garnered some support Wednesday on comments from Fed Vice Chair Michelle Bowman, who signaled she favors keeping Fed policy steady at this month's FOMC meeting when she said, "We have some time to wait and see how financial conditions and the economy evolve before we decide that we need to take any more action" on interest rates.
US MBA mortgage applications fell -2.7% in the week ended October 9, with the purchase mortgage sub-index down -4.0% and the refinancing mortgage sub-index down -0.4%. The average 30-year fixed-rate mortgage rose +1 bp to a 2.75-year high of 7.50% from 7.49% the prior week.
China's trade news was better than expected, supporting global growth prospects. China's Sep exports rose +36.3% y/y, stronger than expectations of +25.7% y/y and the most in 7 months. Sep imports rose +31.0% y/y, stronger than expectations of +25.0% y/y.
Stocks have support from the prospect of solid quarterly earnings results starting this week. Goldman Sachs on Monday raised its three-month view on global equity markets to overweight from neutral, saying. “Earnings growth remains supportive for equities and the recent valuation de-rating has improved asymmetry into the third-quarter earnings season.” According to data compiled by Bloomberg Intelligence, Q3 S&P 500 earnings are expected to climb by +25% from a year earlier, up from a July estimate of 22%.
Nov WTI crude oil prices (CLX26) closed up more than +1% on Wednesday as Yemen's Houthi rebels launched multiple drone and missile attacks across Saudi Arabia, including energy infrastructure. Also, Iranian attacks on shipping attempting to transit the Strait of Hormuz have increased in recent weeks, threatening a rebound in energy supplies from the Middle East.
Markets are discounting a 37% chance of a +25 bp Fed rate hike at the next FOMC meeting on October 27-28.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 closed up +0.38%. China's Shanghai Composite closed down -0.89%. Japan's Nikkei-225 Stock Average closed down -0.05%.
Interest Rates
December 10-year T-notes (ZNZ6) closed up by +4.5 ticks on Wednesday. The 10-year T-note yield fell -2.5 bp to 5.183%. T-note prices recovered from early losses on Wednesday and settled higher as a slump in equity markets fueled short-covering in T-notes. Also, dovish comments on Wednesday from Fed Vice Chair Bowman were bullish for T-notes when said she sees no urgent need for the Fed to raise interest rates.
T-notes initially retreated on Wednesday on the stronger-than-expected US Sep CPI report, which boosted the chance of a Fed rate hike later this month to 37% from 22% before the report. Also, Wednesday’s +1% increase in WTI crude oil has raised inflation expectations and is bearish for T-notes. In addition, the Fed Beige Book was negative for T-notes, noting intensifying price pressures in more than half of the Fed’s districts.
European government bond yields moved lower on Wednesday. The 10-year German bund yield fell -0.3 bp to 3.466%. The 10-year UK gilt yield fell -2.3 bp to 5.424%.
The German Sep wholesale price index rose +8.7% y/y from +6.8% y/y in Aug, the strongest pace of increase in nearly 3.5 years.
Markets are discounting a 12% chance of a +25 bp ECB rate hike at the ECB’s next meeting on October 29.
US Stock Movers
Chipmakers and AI-infrastructure stocks sold off Wednesday, weighing on the overall market. The iShares Semiconductor ETF (SOXX) fell to a 3.5-week low and closed down more than -4%. CoreWeave closed down more than -15% to lead losers in the Nasdaq 100, and Lumentum Holdings (LITE) closed down more than -8%. Also, Marvell Technology (MRVL) closed down more than -7%, and ARM Holdings Plc (ARM) closed down more than -6%. In addition, Advanced Micro Devices (AMD) and SanDisk (SNDK) closed down more than -5%, and Lam Research (LRCX), Seagate Technology Holdings Plc (STX), Microchip Technology (MCHP), Intel (INTC), and Western Digital (WDC) closed down more than -4%.
The Magnificent Seven technology stocks fell on Wednesday, weighing on the broader market. Nvidia (NVDA) and Meta Platforms (META) closed down more than -3%, and Tesla (TSLA) closed down more than -2%. Also, Alphabet (GOOGL), Amazon.com (AMZN), and Microsoft (MSFT) closed down more than -1%. Bucking the trend, Apple (AAPL) closed up +0.50%.
Cybersecurity stocks weakened on Wednesday, weighing on the overall market. Cloudflare (NET) and Okta (OKTA) closed down more than -6%, and Palo Alto Networks (PANW) closed down more than -5%. Also, Crowdstrike Holdings (CRWD) and SentinelOne (S) closed down more than -4%, and Fortinet (FTNT) and Zscaler (ZS) closed down more than -3%.
Cryptocurrency-exposed stocks fell on Wednesday after Bitcoin (^BTCUSD) fell more than -1%. Iren Ltd (IREN) closed down more than -12%, and MARA Holdings (MARA) and Riot Platforms (RIOT) closed down more than -9%. Also, Galaxy Digital Holdings (GLXY) and Robinhood Markets (HOOD) closed down more than -8%, and Circle Internet Group (CRCL), BitMine Immersion Technologies (BMNR), and Strategy (MSTR) closed down more than -5%. On addition, Coinbase Global (COIN) and Bullish (BLSH) closed down more than -4%.
Health insurance stocks moved higher on Wednesday as a defensive play amid the broader market rout. UnitedHealth Group (UNH) closed up more than +4% to lead gainers in the S&P 500 and Dow Jones Industrials. Also, CVS Health Corp (CVS), Cardinal Health (CAH), and United Health Services (UHS) closed up more than +3%, and HCA Healthcare (HCA) and the Cigna Group (CI) closed up more than +2%. In addition, Centene (CNC) and Humana (HUM) closed up more than +1%.
Defensive pharmaceutical stocks rallied on Wednesday amid the broader market slump. Amgen (AMGN), Eli Lilly (LLY), Gilead Sciences (GILD), Merck & Co (MRK), Pfizer (PFE), and Regeneron Pharmaceuticals (REGN) closed up more than +3%, and Vertex Pharmaceuticals (VRTX) closed up more than +2%.
Dell Technologies (DELL) closed down more than -11% to lead losers in the S&P 500 , Hewlett Packard Enterprise (HPE) closed down more than -8%, and NetApp (NTAP) closed down more than -6% after Barclays downgraded the stocks to equal weight from overweight.
Bank of America (BAC) closed down more than -4% after reporting Q3 equities trading revenue ex-DVA of $2.51 billion, weaker than the consensus of $2.63 billion.
State Street (STT) closed down more than -3% after reporting Q3 revenue of $4.00 billion, weaker than the consensus of $4.04 billion.
Progressive (PGR) closed down more than -3% after reporting Q3 net premiums written of $22.30 billion, below the consensus of $22.50 billion.
Liquidia (LQDA) closed up more than +27% after reaching a global settlement resolving all pending litigation with United Therapeutics.
Earnings Reports (10/15/2026)
Alcoa Corp (AA), Bank of New York Mellon Corp/The (BNY), Charles Schwab Corp/The (SCHW), First Horizon Corp (FHN), Interactive Brokers Group Inc (IBKR), JB Hunt Transport Services Inc (JBHT), Marsh & McLennan Cos Inc (MRSH), PNC Financial Services Group Inc (PNC), Prologis Inc (PLD), US Bancorp (USB).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Stocks Sharply Lower on Inflation Woes and Slumping Chipmakers

Key Points
Hyperliquid's skyrocketing price is the result of its market-leading position in perpetual futures trading.
However, as a result of recent regulatory changes, new competitors are now entering the market.
Regulatory issues continue to swirl around Hyperliquid, especially given the failure of the Clarity Act.
On Sept. 23, Hyperliquid (CRYPTO: HYPE) hit a new all-time high of $97.98. At the time, it looked like Hyperliquid would easily blow past the $100 mark by the end of Q3.
Instead, Hyperliquid fell by 17% and now trades at just $81. That raises an interesting question for crypto investors: Should they buy the dip, or should they look elsewhere for upside?
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Buy the dip
Hyperliquid has been one of the true breakout cryptocurrencies of the year. The HYPE token is up more than 235% year to date. Since its launch back in November 2024, HYPE is up a staggering 2,440%.
Hyperliquid has become the place to go to trade perpetual futures ("perps"). By some accounts, Hyperliquid accounts for 60% or more of all perpetual futures trading on decentralized exchanges. No other decentralized exchange even comes close.
That market dominance helps explain Hyperliquid's meteoric ascent and why investment firms are now rushing to launch new spot Hyperliquid ETFs. In fact, the ascent has been so rapid that it has even attracted the attention of President Trump, who is now encouraging Hyperliquid (based in Singapore) to set up shop in the United States.
And there's another intriguing angle to Hyperliquid. The decentralized exchange uses trading revenue to buy back its token daily. This works similarly to a stock buyback program. Theoretically, this helps to keep a floor under the price of the HYPE token.
Look elsewhere
So far, so good, right? Hyperliquid is the market leader in a rapidly growing niche of the crypto market. It has the support of the Trump administration. And it has a token buyback mechanism to prop up its price.
However, momentum for Hyperliquid is cooling fast. Over the past 90 days, Hyperliquid is up "only" 19%. That's worse than the performance of market bellwether Bitcoin, which is up 28% over that same period. Investors are taking on much more risk by investing in Hyperliquid and not seeing a commensurate reward.
This cooling momentum is not a coincidence. It's the result of two events that took place during the summer.
The first was the CFTC's decision to greenlight perpetual futures trading in the United States. Several market participants -- including Kalshi, Coinbase Global, and Robinhood Markets -- immediately jumped in, and it now looks like Hyperliquid will face a much more competitive market going forward.
The second was the Clarity Act's failure to pass the Senate. This immediately calls into question recent pro-crypto moves by the Trump administration, especially with midterm elections looming. Most notably, there has been pushback over U.S. regulators giving the green light to perpetual futures trading, and concerns have been voiced over Hyperliquid's offshore status.
As a result, I'm looking elsewhere for upside in 2026. Until the legal and regulatory clouds around Hyperliquid dissipate, I'm not going to believe the hype about HYPE.
Should you buy stock in Hyperliquid right now?
Before you buy stock in Hyperliquid, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Hyperliquid wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $379,986!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,404,152!*
Now, it’s worth noting Stock Advisor’s total average return is 948% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of October 14, 2026.
Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Hyperliquid. The Motley Fool recommends Coinbase Global and Robinhood Markets. The Motley Fool has a disclosure policy.

Hyperliquid Just Fell 17% From Its All-Time High. Here's Why I'm Not Buying the Dip.

High-quality data and market infrastructure are helping to re-shape how investors engage with markets.
At Robinhood’s HOOD Summit '26: Engines of Creation that vision came to life through two major announcements: Nasdaq's Data business in the launch of Robinhood Agents and Nasdaq's trading technology to support weekend trading on Bruce Markets, the operator of Bruce ATS™. They each bring institutional-grade data and market infrastructure to a platform built for everyday investors.
Robinhood (HOOD) brought thousands of active traders and partners to Houston for the company's third annual gathering of its most engaged customers. Over the two days, Robinhood CEO Vlad Tenev and his team unveiled what they described as their most ambitious product slate yet.
Giving Robinhood's AI Agents a Data-Driven Edge
The marquee announcement was Robinhood Agents, a fully embedded AI experience that lets users analyze markets, build strategies and trade on their behalf around the clock, right inside the app. Robinhood leaders positioned it as the next step beyond their AI-native Model Context Protocol (MCP), which let customers connect their own outside AI agents to their accounts — a launch that has since grown to more than 150,000 funded agentic accounts, with agents now interacting with Robinhood's tools roughly 30 million times a day.
Alongside Robinhood Agents, the company introduced Agent Apps — a marketplace that lets users subscribe their agents to premium data and tools from several outside providers.
Nasdaq is one of them, contributing Nasdaq Investor Intelligence which combines intraday retail equity trading activity with options-derived sentiment signals, providing a near real-time view of capital flows and investor positioning.
Together, they let an agent "follow the money" by reading combined equity and options activity in near real time to surface investor sentiment, positioning and conviction.
Brandon Tepper, Senior Vice President and Global Head of Data, said the offering brings a new level of sophistication to the retail experience.
"This is institutional-grade data — data that typically would be used by more sophisticated investors in the marketplace — and now it's helping Robinhood democratize access to that for the everyday investor," Tepper said.
He described the new data as functioning like a research analyst sitting alongside an investor's own ideas.
"You may have a thesis about something you want to invest in, but it's valuable to have an assistant that can help validate it — to ask what others in the market are thinking, what conviction they have, whether institutional and retail activity agree or diverge," Tepper said. "This allows an investor to supplement an investment thesis with additional market context, or to help them determine that further analysis may be appropriate.”
A Long-Running Partnership
Nasdaq's relationship with Robinhood dates back to the brokerage's earliest days, when Nasdaq supplied Last-Sale data for U.S. equities. Tepper noted that the relationship has deepened over time — first with an upgrade that added bid and offer data and later with the 2016 launch of Nasdaq TotalView for Robinhood Gold subscribers, giving retail investors a view into market depth once reserved for institutional desks. In 2021, Nasdaq welcomed Robinhood to its own markets, hosting the company's IPO under the ticker symbol, HOOD.
"It started with data and has since expanded across other parts of our business," Tepper said. "What it has reinforced for us is that high-quality, accurate and trusted data is the foundation of any investing experience. That is even more true as AI becomes part of how people invest."
Powering Markets that Never Close
Separately, Nasdaq’s capital markets technology is playing a central role in Robinhood's push toward round-the-clock trading. Robinhood announced plans to let customers trade a curated list of U.S. equities over the weekend, pending regulatory review. The weekend session will run on Bruce Markets LLC, an SEC-registered broker-dealer and operator of Bruce ATS™, underpinned by Nasdaq’s trading technology, while services will be provided by Apex Clearing Corporation, a wholly owned subsidiary of Apex Fintech Solutions, Inc.
Nasdaq is also the exclusive data administrator for Bruce Markets LLC (Bruce ATS™), an SEC-registered broker-dealer and operator of Bruce ATS™, already providing around-the-clock data. Upon approval and launch, Nasdaq will provide data for the weekend session. Tepper framed the partnership as part of a broader shift toward an always-on investing experience.
"We're living in a mobile-first, always-on society. You can get a meal delivered or make a purchase online late at night," he said. "Investors are interested in putting money into the companies they believe in on the same terms, regardless of whether markets are officially open or what time zone they are in. We see that demand, and we are focused on supporting access to the markets at all hours of the day."
Beyond the Product News
Nasdaq's presence at the HOOD Summit extended beyond the two announcements. Kevin Davitt, Nasdaq's Head of Index Options Content, led a session breaking down options trading strategies and market structure for summit attendees, while Nasdaq Head of Americas Data Sales Devin McCarthy represented Nasdaq's data business on stage. Off the main stage, members of the Nasdaq team also spent time speaking directly with Robinhood customers.
"It was interesting to hear how many of the investors we spoke with had little-to-no market experience just a few years ago and have been able to learn and start investing because of the education and tools these platforms now offer," Tepper said.
"The democratization of access and data has made it easier than ever for the next generation of investors to participate in the markets.”
© 2026 Nasdaq, Inc. The Nasdaq logo and the Nasdaq ‘ribbon’ logo are the registered and unregistered trademarks, or service marks, of Nasdaq, Inc. in the U.S. and other countries. All rights reserved. This communication and the content found by following any link herein are being provided to you by Nasdaq, Inc. and/or certain of its subsidiaries (collectively, “Nasdaq”), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. At the time of publication, the information herein was believed to be accurate, however, such information is subject to change without notice. Nothing herein shall constitute a recommendation, solicitation, invitation, inducement, promotion, or offer for the purchase or sale of any investment product, nor shall this material be construed in any way as investment, legal, or tax advice, or as a recommendation, reference, or endorsement by Nasdaq.
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will,” “believe”, “plan,” “anticipated,” “expected,” “focused,” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements regarding the anticipated use, functionality, adoption, and benefits of AI-enabled investing tools and agent-based applications; the expected availability and use of Nasdaq data products and market infrastructure; the planned launch and operation of weekend trading and related services, including those subject to regulatory review or approval; future investor access to markets; and the anticipated development, growth, and capabilities of products and services offered by Nasdaq, Robinhood, Bruce Markets, Apex Clearing Corporation, and other market participants. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Nasdaq Data Helps Power the Next Phase of Agentic Trading with Robinhood

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Moderna Inc (Symbol: MRNA), where a total of 230,723 contracts have traded so far, representing approximately 23.1 million underlying shares. That amounts to about 135.9% of MRNA's average daily trading volume over the past month of 17.0 million shares. Particularly high volume was seen for the $220 strike call option expiring October 09, 2026, with 16,869 contracts trading so far today, representing approximately 1.7 million underlying shares of MRNA. Below is a chart showing MRNA's trailing twelve month trading history, with the $220 strike highlighted in orange:
Robinhood Markets Inc (Symbol: HOOD) options are showing a volume of 218,710 contracts thus far today. That number of contracts represents approximately 21.9 million underlying shares, working out to a sizeable 98.9% of HOOD's average daily trading volume over the past month, of 22.1 million shares. Particularly high volume was seen for the $110 strike call option expiring October 09, 2026, with 24,069 contracts trading so far today, representing approximately 2.4 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $110 strike highlighted in orange:
And T-Mobile US Inc (Symbol: TMUS) options are showing a volume of 44,163 contracts thus far today. That number of contracts represents approximately 4.4 million underlying shares, working out to a sizeable 85.5% of TMUS's average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $152.50 strike call option expiring October 09, 2026, with 5,911 contracts trading so far today, representing approximately 591,100 underlying shares of TMUS. Below is a chart showing TMUS's trailing twelve month trading history, with the $152.50 strike highlighted in orange:
For the various different available expirations for MRNA options, HOOD options, or TMUS options, visit StockOptionsChannel.com.
Further MRNA Research:

Noteworthy Friday Option Activity: MRNA, HOOD, TMUS

In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, US Bancorp (Symbol: USB) has taken over the #129 spot from Robinhood Markets Inc (Symbol: HOOD), according to The Online Investor.
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of US Bancorp (Symbol: USB), the market cap is now $87.52 billion, versus Robinhood Markets Inc (Symbol: HOOD) at $86.58 billion.
Below is a chart of US Bancorp versus Robinhood Markets Inc plotting their respective size rank within the S&P 500 over time (USB plotted in blue; HOOD plotted in green):
Below is a three month price history chart comparing the stock performance of USB vs. HOOD:
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at The Online Investor find value to putting together these rankings daily.
Examine the full USB market cap history vs. the full HOOD market cap history.
At the closing bell, USB is up about 1.5%, while HOOD is down about 2.3% on the day Thursday.
Further USB Research:

US Bancorp Now #129 Largest Company, Surpassing Robinhood Markets

Key Points
The stock market facilitates the buying and selling of stocks, which gives people ownership in companies.
You use a stock brokerage account to buy and sell stocks.
Small-cap index funds may beat the market over the long term.
I think the stock market is the best way an individual can build wealth. But what is it?
It is simpler than you think. You may start hearing complicated terms that go over your head when tuning in to financial media, but that is just an attempt to make the industry seem more sophisticated than it actually is. Once you understand the basics of the stock market, you can start putting your money to work and build wealth for retirement, all without getting out of bed.
Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
In fact, if you invest $10,000 and earn a standard rate of return, you could end up with hundreds of thousands of dollars 40 years into the future. Here's how, and details about the index fund that could do it over the long haul.
What is the stock market and stock indexes?
The stock market is best understood by comparing stocks to a small business. If you are a small business owner, you may own 100% of your restaurant, accounting practice, or whatever you own. A publicly traded stock allows you to own a percentage of any publicly traded business in the world.
There are 14.6 billion shares of Apple. Someone who buys one share at the current price of approximately $330 will own a tiny percentage of Apple, which corresponds to their share of profits and dividends (hence the term "share price"). The stock market facilitates the buying and selling of stocks, allowing someone to buy a stake in a business at the current market price.
Stock indexes aim to track a group of stocks based on characteristics. For example, the S&P 500 index tracks the 500 largest publicly traded companies in the United States. The Nasdaq-100 tracks the 100 largest non-financial companies listed on the Nasdaq exchange.
How to buy and sell stocks
You can easily buy stocks from your computer or smartphone through digital brokerages. These are companies that facilitate stock trading, using automations to match up buyers and sellers of stocks.
Popular brokerages include Robinhood, Interactive Brokers, and Charles Schwab. To buy stocks via these brokerages, you simply need to download the app on your phone, verify your identity, and deposit funds from your bank account. Once the money is in your account, you can buy whatever stocks (or index funds) you desire.
This will generally outperform holding your money in a savings account. A savings account today may pay you an interest rate of 4%. Compound this out for 40 years, and $10,000 in savings will net you $48,000 by around the time you want to retire or start passing down money to family, charities, or other sources. If you invest in the stock market and earn its average compounded annual return of 10%, you will have $453,000. That's a massive difference.
Beating the market with this index fund
What if you want to beat the market, though? First, the best way to do so is with a carefully curated collection of individual stocks, such as the proven Motley Fool stock advisor portfolio.
However, there may be an opportunity to beat the market over the long term by just dollar-cost averaging into an index fund every month. The stock market is often measured by the S&P 500 index, which tracks 500 of the largest companies in the United States.
A long-term bet on smaller stocks with much greater upside could help a portfolio beat the S&P 500. One way to do so would be to buy the iShares S&P Small-Cap ETF (NYSEMKT: IJR), which gets you a piece of the 600 small-cap stocks in the United States with minimal fees. Small-cap stocks have trailed the S&P 500 since the COVID-19 pandemic, but have historically outperformed their large-cap peers.
If you have a decades-long time horizon, an index fund of small-cap stocks may be the way to go.
Should you buy stock in iShares Core S&P Small-Cap ETF right now?
Before you buy stock in iShares Core S&P Small-Cap ETF, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and iShares Core S&P Small-Cap ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $375,887!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,459,146!*
Now, it’s worth noting Stock Advisor’s total average return is 955% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of October 8, 2026.
Charles Schwab is an advertising partner of Motley Fool Money. Brett Schafer has positions in Interactive Brokers Group. The Motley Fool has positions in and recommends Apple, Interactive Brokers Group, and iShares Core S&P Small-Cap ETF. The Motley Fool recommends Charles Schwab and recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group, short January 2027 $46.25 calls on Interactive Brokers Group, and short September 2026 $95 calls on Charles Schwab. The Motley Fool has a disclosure policy.

What Is the Stock Market? Here's the One Index Fund I'd Buy to Beat It.

Key Points
Robinhood plans to let customers trade a curated list of U.S. stocks and ETFs on weekends, pending regulatory review.
Equities brought in around 10% of Robinhood's revenue in the second quarter.
Robinhood won't charge contract fees for its new earnings contracts through year-end.
Customers at Robinhood Markets (NASDAQ:HOOD) can buy and sell many of the most popular stocks and exchange-traded funds (ETFs) from Sunday at 8 p.m. ET until Friday at 8 p.m. ET on the broker's 24 Hour Market. That adds up to 120 hours a week, and it leaves the weekend as the only time when stocks are off-limits.
At its HOOD Summit in Houston on Sept. 29, the firm said it plans to fill the gap by letting customers trade a curated list of U.S. stocks and ETFs around the clock, weekends included. Robinhood expects to launch it early next year, pending regulatory review.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Adding weekends would bring the 24 Hour Market to all 168 hours in a week, or about 40% more time to trade. But I don't think 40% more hours means anywhere near 40% more revenue.
Image source: The Motley Fool.
Stock trading is a smaller business than it looks
Robinhood's equities revenue comes mainly from payment for order flow (fees that trading firms pay the broker to handle its customers' stock orders).
Showing how fast this line is rising, equities revenue almost doubled year over year to $129 million in the second quarter, according to Robinhood's quarterly filing. That was up from $82 million in the first quarter, too. So equities made up around 17% of transaction-based revenue, compared with about 13% three months earlier and 12% a year before. Average stock-trading volume per trader grew 56%, and the number of customers making stock trades climbed 13%.
But against total revenue of $1.31 billion (up 32% year over year), equities supplied just 10%.
And Robinhood's take is small. Customers traded a record $956 billion in stock in the quarter, up 85% from a year earlier, so the company earned around $1.35 of equities revenue per $10,000 traded.
This growth has slowed a little since then. In August, customers traded 68% more stock by dollar value than a year earlier, according to Robinhood's monthly operating data.
How much might weekends add?
Robinhood doesn't say in its quarterly reports how much of its stock volume already trades in the 24 Hour Market, so any estimate here is rough.
At the second quarter's pace, equities revenue comes to around $516 million a year. If weekend hours boosted that by the full 40% the extra time represents, the rise would be about $206 million, or about 4% of Robinhood's yearly revenue pace of $5.2 billion.
I'd say the company probably won't get near that ceiling. Weekend trading will start with a limited list of stocks and ETFs. And some Saturday trades could just be trades a customer would've made on Monday morning anyway, which shifts revenue around instead of adding to it.
A 5% to 10% boost to equities revenue would add about $26 million to $52 million a year -- 1% of sales at most.
Sure, weekend hours could also keep active traders on the app on days when stocks have been off-limits, and so could the artificial intelligence (AI) agents Robinhood introduced at the summit to trade for customers. Any payoff there is tougher to measure.
Cheap to start
The summit's other launches tie into bigger revenue lines. But the tech company is pricing them to win customers first.
Perpetual futures, which are leveraged crypto contracts that never expire, are starting to roll out to eligible U.S. customers, with up to 10x leverage on Bitcoin and Ether and 3x on six other coins. Robinhood plans to charge just 0.01% a trade on them through the end of the year. Over time, they might help a shrinking crypto business, whose second-quarter revenue dropped 38% from a year earlier, to $100 million.
Earnings contracts, exchange-listed binary options linked to company-specific performance metrics, are expected to launch in October, pending regulatory approval. Robinhood won't charge contract fees for them through year-end, either.
Also starting in October, Robinhood is adding 35% more options trading hours for its most popular symbols. The same caution about hours applies. But options are Robinhood's largest transaction line, at $342 million last quarter, so the move is arguably the bigger opportunity.
Ultimately, weekend trading looks more like a convenience for Robinhood's most active customers than a big new source of revenue.
At about $112 as of this writing, Robinhood's shares cost around 38 times earnings, using analysts' forecasts for 2027.
For a growth stock with revenue climbing so fast, some premium makes sense. But the price already assumes Robinhood keeps adding new ways to make money for years to come, and weekend trading is probably one of the smaller ones.
Should you buy stock in Robinhood Markets right now?
Before you buy stock in Robinhood Markets, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Robinhood Markets wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $361,650!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,437,517!*
Now, it’s worth noting Stock Advisor’s total average return is 936% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Daniel Sparks and his clients do not have positions in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Robinhood Plans to Let Customers Trade Stocks on Weekends. Here's What That Could Do for Its Revenue.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Boeing Co. (Symbol: BA), where a total volume of 83,898 contracts has been traded thus far today, a contract volume which is representative of approximately 8.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 107.8% of BA's average daily trading volume over the past month, of 7.8 million shares. Especially high volume was seen for the $190 strike call option expiring October 02, 2026, with 9,630 contracts trading so far today, representing approximately 963,000 underlying shares of BA. Below is a chart showing BA's trailing twelve month trading history, with the $190 strike highlighted in orange:
Robinhood Markets Inc (Symbol: HOOD) saw options trading volume of 251,483 contracts, representing approximately 25.1 million underlying shares or approximately 107.2% of HOOD's average daily trading volume over the past month, of 23.5 million shares. Particularly high volume was seen for the $120 strike call option expiring October 02, 2026, with 17,685 contracts trading so far today, representing approximately 1.8 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $120 strike highlighted in orange:
And Schrodinger Inc (Symbol: SDGR) options are showing a volume of 24,650 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 102% of SDGR's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $35 strike call option expiring November 20, 2026, with 20,673 contracts trading so far today, representing approximately 2.1 million underlying shares of SDGR. Below is a chart showing SDGR's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for BA options, HOOD options, or SDGR options, visit StockOptionsChannel.com.
Further BA Research: