Why Robinhood (HOOD) Stock Is Up Today

What Happened?

Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 4.3% in the afternoon session after the House passed the GENIUS Act, a bill aimed at providing regulatory guidelines for the cryptocurrency market. 

The stock's rise was part of a broader rally among crypto-linked equities following the legislative news. For Robinhood, which has significant exposure to cryptocurrency trading on its platform, the passage of the bill was seen as a positive development that could reduce regulatory uncertainty and encourage wider adoption of digital assets. 

The company's shares gained alongside other major players in the crypto space, as investors reacted favorably to the prospect of a clearer legal framework for the industry. This legislative momentum added to the positive sentiment already surrounding the stock, which has been a top performer in 2025, driven by a resurgence in crypto and the expansion of its financial product offerings.

After the initial pop the shares cooled down to $109.66, up 4% from previous close.

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What Is The Market Telling Us

Robinhood’s shares are extremely volatile and have had 56 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was a day ago when the stock gained 3.1% a the second quasrter (2025) earnings season got off to a strong start. 

Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. 

Investors were also encouraged by several positive reports that painted a picture of a resilient consumer. One key report revealed that shoppers increased their spending at U.S. retailers more than economists had anticipated. Precisely, retail sales increased 0.6% from May, surpassing the 0.2% estimate. This robust consumer spending is a crucial pillar supporting the economy. 

Adding to the positive sentiment, the latest data on unemployment claims showed a decrease in the number of workers applying for benefits, signaling that layoffs remain limited and the job market is steady. This combination of strong earnings reports, retail sales, and a solid labor market suggests the economy is navigating challenges successfully.

Robinhood is up 178% since the beginning of the year, and at $109.66 per share, has set a new 52-week high. Investors who bought $1,000 worth of Robinhood’s shares at the IPO in July 2021 would now be looking at an investment worth $3,149.

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