Robinhood Markets Inc HOOD has purportedly ceased 24-hour trading, raising concerns among investors. This action is said to align with the increasing tensions between Iran and Israel.
What Happened: On Friday, finance influencer Amit took to X to address the 24-hour trading halt by Robinhood, saying, “Robinhood is saying 24-hour trading is currently unavailable. I think this is actually pretty normal and to be expected during what seems like a black swan event and everyone freaking out about this doesn’t understand the 24-hour trading product.”
He further explained that the halt is due to the intensity of selling, which is a normal market occurrence. He noted that this is a Robinhood-specific product and that other brokers do not offer this service.
Amit concluded the post by saying, “What this signals to me is that tomorrow is not going to be pretty for the broader market if Robinhood has to halt trading in the overnight markets. I do agree, however, optics don’t look the best on this.”