Robinhood Surge Faces Valuation Test Wednesday
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Robinhood Markets has become one of Wall Street’s standout winners since Donald Trump’s election victory, with shares up about 450% through Tuesday, far outpacing the S&P 500’s 17% gain. The platform is the biggest gainer among companies worth at least $10 billion ahead of the 2024 election, Bloomberg data show. With unease over pricey stocks building, investors will closely parse Wednesday’s results; Robinhood rose roughly 2% just after the opening bell.
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