Robinhood Stock Falls As Dismal Jobs Report Sparks Financial Sector Sell-Off

Robinhood Markets Inc HOOD shares are trading lower Friday afternoon amid a broad retreat among banking and financial services stocks. The sell-off was triggered by a surprisingly weak August jobs report, which has amplified investor concerns about a potential economic slowdown.What To Know: The U.S. economy added a meager 22,000 nonfarm payrolls last month, falling dramatically short of expectations and marking the slowest pace of hiring since 2020. The report also included downward revisions for June and ...