US stocks rally as Robinhood surpasses IPO price
Robinhood finished nearly 24% higher and considerably above its initial public offering price from last week.
Robinhood finished nearly 24% higher and considerably above its initial public offering price from last week.
Twitter earnings outperformed views, with revenue increasing by 74%, the highest increase in seven years.
On Monday, Wall Street's main indexes hit new highs, led by Tesla and bank stocks.
Newegg Commerce (NEGG) is the newest red-hot meme stock, with a gain of 148% to 67.57.
Chevron (CVX), which was up 1.4% in the Dow Jones on Thursday, was another stock that outperformed.
With a market capitalization of $67.8 billion, DiDi closed at $14.14 per share.
The IPO raised a little over $4 billion, valuing the Chinese ride-hailing behemoth at over $67 billion.
The S&P 500 managed to claw its way back into positive territory, gaining 0.1%.
FedEx (FDX) and Nike (NKE) were notable movers on results overnight.
The Nasdaq composite climbed 0.8% on Monday, while the S&P 500 gained 1.4%.
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