Robinhood Shares Are Down Today: What's Going On?

Zinger Key Points

The stock declines by 19.79% as financial sector stocks fell due to concerns over tariffs and potential economic slowdown.
While some tariffs on Mexican and Canadian goods were paused, uncertainty over future trade policy continues to weigh on investor sentiment.
Find out which stock just plummeted to the bottom of the new Benzinga Rankings. Updated daily—spot the biggest red flags before it’s too late.

Robinhood Markets Inc. HOOD shares traded lower Monday as financial stocks declined amid concerns over tariffs and trade policy.

What To Know: The drop follows President Donald Trump's decision to delay tariffs on certain Mexican and Canadian goods under the USMCA agreement until April 2. The pause spares automobiles, beer, avocados and building materials from immediate price hikes but does not cover all imports. Canadian energy exports, including crude oil, remain subject to a 10% tariff, which could impact gas prices and add to inflationary pressures.

Markets remain volatile after Trump's initial tariff announcement triggered a 1.7% drop in the S&P 500 earlier in the week. While the delay offers temporary relief, the White House confirmed tariffs could still take effect next month if further agreements are not reached.

Canadian Prime Minister Justin Trudeau stated Canada's retaliatory measures will remain in place and Ontario Premier Doug Ford has announced a 25% tariff on electricity exports to the U.S., affecting homes in Michigan, Minnesota, and New York.

HOOD Price Action: Robinhood shares closed down 19.79% at $35.63 at publication Monday, according to Benzinga Pro.