Robinhood Suspends 24-Hour Trading On Monday Amid Third-Party Issues
Portfolio Pulse from Benzinga Neuro
Robinhood Markets Inc (NASDAQ:HOOD) has suspended its 24-hour trading service due to issues at its third-party execution venue, Blue Ocean ATS. This comes amid a turbulent period for global markets, with Robinhood shares dropping nearly 12% and major indices like the Dow Jones, S&P 500, and Nasdaq Composite experiencing significant declines. Other firms, including Charles Schwab, also faced technical issues on the same day.
August 06, 2024 | 2:45 am
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Apple Inc. shares were among the biggest losers amid a significant global market sell-off, contributing to a $1.1 trillion market value loss.
Apple's share price decline is part of a broader market sell-off, which saw significant losses across major indices. The market turmoil and fears of a recession are likely to continue impacting Apple negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 50
NEGATIVE IMPACT
Robinhood has suspended its 24-hour trading service due to issues at its third-party execution venue, Blue Ocean ATS. This suspension comes amid a turbulent period for global markets, causing Robinhood shares to drop nearly 12%.
The suspension of 24-hour trading is a significant operational issue for Robinhood, likely causing investor concern and contributing to the nearly 12% drop in share price. This comes at a time of broader market instability, exacerbating the negative impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Nvidia Corp shares took a substantial hit amid a global market sell-off, contributing to a $1.1 trillion market value loss.
Nvidia's share price decline is part of a broader market sell-off, which saw significant losses across major indices. The market turmoil and fears of a recession are likely to continue impacting Nvidia negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 50