Robinhood Markets Inc. HOOD Chief Brokerage Officer Steve Quirk credited retail investors with stabilizing markets following President Donald Trump‘s sweeping tariff announcement in April, while highlighting record-breaking overnight trading volumes that signal a fundamental shift in market behavior.
What Happened: Speaking at the Piper Sandler Global Exchange & Trading Conference on Thursday, Quirk said this marked the second time retail traders rescued volatile markets, Reuters reported. “This is the second occurrence where I would argue retail came to the rescue of the market. COVID was probably the first,” he stated.
The market turmoil followed Trump’s April 2 tariff announcement, which roiled global markets and scuttled dealmaking. Retail investors responded by purchasing $4.7 billion in stocks on April 3, the highest single-day level in the past decade, according to JPMorgan estimates, according to the report.
Overnight trading has emerged as a key growth driver for Robinhood, with May representing the company’s biggest month ever for after-hours trading volume. The platform estimates up to 25% of total daily trading volume on busy days now occurs outside traditional market hours.
“You will look back in a couple years and laugh at the notion that we waited until 9:30 Eastern for trading to start,” Quirk said, noting users in their 30s “do the research and homework in the evening” and expect round-the-clock trading access.
Why It Matters: Robinhood reported record metrics for May, with total platform assets reaching an all-time high above $250 billion. Year-to-date net deposits climbed 40% to approximately $28 billion, while equity trading volumes rose 10% month-over-month and options contracts hit all-time highs.
Price Action: Robinhood Markets Inc. closed at $72.51 on Thursday, up 0.33%. In pre-market trading, the stock rose 1.70% to $73.74. Year to date, it’s up 83.85%.
According to Benzinga Edge Stock Rankings, Robinhood shows strong momentum and impressive growth, with a low value score indicating premium pricing. However, the stock maintains a positive price trend across the short to long term. Click here to view the full stock breakdown.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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