Today: 9 June 2026
Robinhood (HOOD) stock slips again as bitcoin stays weak; UK ISA rollout and earnings next week in focus

Robinhood (HOOD) stock slips again as bitcoin stays weak; UK ISA rollout and earnings next week in focus

New York, Feb 3, 2026, 10:53 (EST) — Regular session

  • Crypto-linked stocks dipped early on, following bitcoin’s drop.
  • Robinhood expanded its UK presence by launching a new tax-sheltered investing account.
  • Investors are now eyeing the Feb. 10 results to gauge trading volumes and spot any new product launches.

Robinhood shares dropped 1.2% to $88.87 Tuesday morning, fluctuating between $91.60 and $87.61 earlier in the session. Bitcoin dipped roughly 1.1%, and Coinbase Global slid around 2.6%, with crypto-related stocks tracking the same trend.

The price action matters because Robinhood’s results remain closely tied to customer trading activity, which can swing sharply as digital-asset prices shift. Quarterly numbers are due next week, prompting some investors to reduce exposure ahead of the report, particularly after a tough start to February.

Another question looms over the stock: will its rapid push into prediction markets hold up once the U.S. football season ends? These markets allow users to trade contracts tied to event outcomes, and Robinhood funnels some of that volume through its partner Kalshi.

Robinhood UK is launching a stocks & shares ISA, a UK tax-free savings and investment account, with no platform fees or commissions. The offer includes a 2% cash bonus on qualifying contributions made before April 5, 2026. “Investing should be rewarding, not costly,” said Jordan Sinclair, president of the unit. MarketScreener

The company announced that UK customers will gain access to roughly 5,000 U.S.-listed stocks and ADRs. It will charge a 0.10% foreign-exchange fee per trade, covering currency conversion when purchasing U.S. shares with pounds. Additionally, it plans to roll out its “Cortex Digests” tool, leveraging generative AI to provide context on stock movements.

Piper Sandler’s Patrick Moley held firm on an Overweight rating for Robinhood, setting a $155 price target. He flagged the end of football season as a short-term drag on prediction-market volumes but highlighted the 2026 Winter Olympics and NCAA basketball tournament as potential boosts. Moley told clients: “Long term, we believe Robinhood is the best way to play secular growth in retail trading.” Barchart.com

Robinhood will release its fourth-quarter and full-year 2025 earnings after markets close on Feb. 10. The Menlo Park-based company plans a video call at 5 p.m. ET featuring CEO Vlad Tenev and incoming CFO Shiv Verma, per a GlobeNewswire statement. Shareholders can begin submitting and voting on questions starting Feb. 3 at 5 p.m. ET; the window closes Feb. 9.

That said, the setup works both ways. Should bitcoin continue its slide or if trading volumes fall more than anticipated, Robinhood’s transaction-driven revenue could take a quick hit. The same risk applies if prediction-market activity declines sharply after football. Expanding internationally introduces execution risks, and upfront costs from incentives like cash bonuses might weigh on the bottom line before attracting assets.

Traders are zeroing in on crypto prices and the upcoming earnings reports, keenly listening for any comments on crypto operations, options trading volumes, and early signals from prediction markets ahead of the Feb. 10 call.

Stock Market Today

  • China Plans $295 Billion AI Data Center Network Amid Global Tech Stocks Drop
    June 9, 2026, 2:46 PM EDT. China is reportedly planning to invest around $295 billion over five years to establish a nationwide data center network dedicated to AI, aiming to reduce reliance on US technology by prioritizing domestic suppliers like Huawei. The initiative involves state-owned telecoms managing the infrastructure and seeks to unify fragmented data centers into a national system by 2028. This comes as chip stocks and major tech shares plunged, dragging down the Nasdaq and S&P 500 indexes. China's AI sector now includes over 6,200 companies with a market worth $177 billion. The plan may be funded through sovereign debt and state-backed funds, highlighting Beijing's strategic commitment to AI infrastructure despite slower economic growth.

Latest articles

Vanguard’s $1 Trillion VOO ETF Draws Investor Questions About the Road Ahead

Vanguard’s $1 Trillion VOO ETF Draws Investor Questions About the Road Ahead

9 June 2026
Vanguard’s S&P 500 ETF (VOO) became the first ETF to surpass $1 trillion in assets, drawing renewed scrutiny to low fees, index concentration, and valuation risks as tech stocks slid and VOO fell about 1% Tuesday, highlighting investor debate over sticking with S&P 500 trackers or shifting to broader funds like VTI.
AI chip ETF bulls hit with more losses as leveraged funds slide

AI chip ETF bulls hit with more losses as leveraged funds slide

9 June 2026
SOXL plunged 15.4% as leveraged semiconductor funds led tech’s sharp selloff, testing the narrow AI trade behind this year’s market gains; major chip stocks like AMD and Broadcom also tumbled, with investors eyeing Wednesday’s CPI data and the upcoming SpaceX listing as key risks for further volatility.
Bitcoin Hovers at $61,000 With CPI Report in Focus for Crypto Traders

Bitcoin Hovers at $61,000 With CPI Report in Focus for Crypto Traders

9 June 2026
Bitcoin slid to near $61,000, down 3%, as traders cut risk ahead of Wednesday’s U.S. inflation report, which is expected to show May CPI up 4.2% year-on-year—well above the Fed’s 2% target—keeping rate-hike risk in play and pressuring crypto and related stocks, with $5.8 billion in digital asset outflows reported in recent weeks.
Tesla stock today: TSLA edges higher after $41,990 Model Y AWD launch as Europe sales signals split
Previous Story

Tesla stock today: TSLA edges higher after $41,990 Model Y AWD launch as Europe sales signals split

Thomson Reuters stock tumbles after National Bank target cut, as AI fears hit legal-data peers
Next Story

Thomson Reuters stock tumbles after National Bank target cut, as AI fears hit legal-data peers

Go toTop