NEW YORK, January 1, 2026, 07:10 ET — Market closed.
- Webull shares last closed down 2% at $7.77 on Dec. 31.
- Online-broker peers also ended lower in year-end trading.
- Traders are watching January macro data and the next update on Webull’s earnings timing.
Webull Corporation shares (BULL) last closed down 2.0% at $7.77 on Wednesday, the final U.S. trading day of 2025, after trading between $7.67 and $7.95. About 21.3 million shares changed hands.
The year-end dip matters because Webull trades like a pure read-through on retail risk appetite. When investors turn cautious, online brokers can feel it quickly through softer trading activity and less enthusiasm for higher-volatility names.
Wall Street also finished 2025’s last session lower, with the S&P 500 down 0.74% and the Nasdaq down 0.76%, while volumes stayed light in the holiday-shortened week, Reuters reported. “it’s perfectly fine in any bull market to have moments of cost,” said Giuseppe Sette, co-founder and president of Reflexivity, pointing to profit-taking when liquidity is low. 1
Other retail-facing brokers ended the session in the red as well, including Robinhood Markets (HOOD), Charles Schwab (SCHW) and Interactive Brokers (IBKR), alongside a decline in the SPDR S&P 500 ETF (SPY).
U.S. stock exchanges are closed on Thursday for New Year’s Day and are scheduled to reopen on Friday, setting up the first full read on 2026 positioning when trading resumes. 2
Webull operates a digital brokerage platform for retail investors and competes with firms such as Robinhood and Schwab for active traders. Its Class A ordinary shares and warrants trade on Nasdaq under the symbols “BULL” and “BULLW,” a company prospectus showed. 3
The company’s latest reported quarter was the three months ended Sept. 30, when it said total revenue rose 55% year-on-year to $156.9 million and customer assets reached $21.2 billion. Webull also pointed to newer offerings such as corporate bond trading and an AI tool it calls Vega. 4
That backdrop puts the spotlight back on the basic drivers for broker stocks: customer trading volumes, net deposits and interest income earned on client cash. Those can all shift quickly with volatility, rate expectations and the tone of the broader market.
Macro catalysts are close behind. The U.S. employment report for December is scheduled for Jan. 9, followed by the December consumer price index on Jan. 13 — releases that can reset expectations for Federal Reserve policy and ripple into fintech valuations. 5
Before Friday’s open, technical traders will be watching whether Webull holds above Wednesday’s $7.67 low. A push back toward the $7.95 area would mark a quick retracement of the prior session’s range.
Investors are also looking for clarity on the timing of Webull’s next quarterly results and any guidance on activity trends into year-end. Webull’s earnings page on its investor relations site currently provides no schedule for upcoming results. 6
