Market Sentiment - The CNN Money Fear and Greed index showed a decline in overall market sentiment, remaining in the "Neutral" zone with a current reading of 48.9, down from 50.9 [1][4] - U.S. stocks settled mostly lower, with the Dow Jones index falling more than 50 points, ending a three-session winning streak [1][3] Economic Data - Nonfarm payrolls rose by 130,000, nearly double the economists' expectations of 70,000, with private-sector employment contributing 172,000 of those gains [2] - The unemployment rate unexpectedly declined to 4.3% from 4.4% [2] Sector Performance - Most sectors on the S&P 500 closed positively, with energy, materials, and consumer staples stocks recording the biggest gains [2] - Financial and communication services stocks closed lower, bucking the overall market trend [2] Company Highlights - Micron Technology Inc. (NASDAQ:MU) saw a significant increase of around 10% after Morgan Stanley raised its price target to $450 [1]

Core Insights - Ark Invest, led by Cathie Wood, significantly increased its position in Robinhood Markets Inc. by acquiring over 433,000 shares across multiple ETFs despite a recent 8% drop in the stock price following a 38% decline in crypto revenue [1][2] Group 1: Robinhood Markets Inc. - The trade on Wednesday was valued at approximately $33.9 million based on Robinhood's closing stock price of $78.07 [2] - The stock experienced an 8% decline after a substantial 38% drop in crypto revenue [1] Group 2: Other Trades - On the same day, Ark Invest also purchased shares of Figma Inc. [1] - Ark sold a significant amount of shares in Airbnb Inc. [1]

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Elon Musk announces X Money external beta will launch in the next 1-2 months, aiming to be the central source of all monetary transactions.🔹 US House passes legislation to end Trump’s tariffs on Canada.🔸 Ondo Finance partners with Chainlink as official data oracle to enable tokenized US stocks as DeFi collateral on Ethereum.🔹 Coinbase Developer Platform introduced “Agentic Wallets,” enabling autonomous AI agents to manage funds and transact onc ...

Group 1 - Ark Invest, led by Cathie Wood, increased its holdings in Robinhood by 433,806 shares, valued at approximately $33.82 million [1] - The firm also acquired 364,134 shares of Bullish, amounting to about $11.60 million [1] - Additionally, Ark Invest purchased 75,559 shares of Circle, worth around $4.37 million [1]

THIS IS "THE CLOSE." KATIE: LIVE FROM STUDIO 2, I'M KATIE GREIFELD. >> I'M SCARLET FU. LET'S GET A CHECK.ON THIS TUESDAY. KATIE: IT'S WEDNESDAY. SCARLET: IT IS.MAYBE THAT IS WHY EVERYTHING IS SO CONFUSING, JOBS REPORT WAS DELAYED BECAUSE OF THE PARTIAL GOVERNMENT SHUTDOWN. RIGHT NOW, THE S&P IS HIGHER. THAT JANUARY JOBS REPORT CAUSED TRADERS TO REPRICE THE TIMING OF WHEN THE FED RESUMES RATE CUTS LATER IN THE YEAR.THEY ARE CERTAINLY MORE SENSITIVE TO RATE CUTS. YOU SAW MOVEMENT IN THE TREASURY MARKET, TREAS ...

About 2 minutes away from the end of the trading day. Katie Crutchfield here with Scarlet Fu Romaine Bostick out on assignment here to help take us through the closing bell. It's global simulcast.Joining us now is Carol Massar and Tim Stenovec. We bring together all of our audiences to talk about a market day that's ending again, Carol. Without fireworks, we came in, we saw futures surge after that jobs report.And now it looks like we're going to finish up pretty much unchanged on the day. Yeah, kind of. Ho ...

Core Insights - Robinhood's CEO Vlad Tenev predicts a "supercycle" in prediction markets that could lead to trillions of dollars in annual trading volume [1][2] - The company's quarterly sales fell short of estimates, primarily due to a significant drop in cryptocurrency trading volumes [1][2] Company Performance - Robinhood's shares dropped nearly 9% following the announcement of disappointing fourth-quarter results, with revenue missing analysts' expectations [1][2] - The company reported that its prediction markets volume more than doubled in the fourth quarter, reaching $12 billion in contracts for the first full year of operations in 2025, with $4 billion already recorded this year [1][2] Industry Trends - Prediction markets have seen substantial growth recently, with Robinhood aiming to compete against established players like Kalshi and Polymarket [1][2] - The company plans to launch its own prediction market, operated as a joint venture with Susquehanna International Group, later this year, which may enhance its control over contract offerings and improve profit margins [1][2] Future Outlook - Investors can expect more details on Robinhood's upcoming projects during the "Take Flight" event scheduled for March 4, where new products are anticipated to be introduced [1][2] - Despite the recent downturn, Tenev remains optimistic about the long-term prospects of the cryptocurrency industry and plans to expand crypto offerings alongside the prediction markets business [1][2]

Robinhood CEO Vlad Tenev says he is still "tremendously bullish" on crypto despite recent price drops. The online brokerage saw fourth-quarter profits drop. He speaks on "Bloomberg The Close." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Conn ...

>> THIS IS "BLOOMBERG BUSINESSWEEK DAILY," REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD, WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY. PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH CAROL MASSAR AND TIM STENOVEC, LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. CAROL: GOOD MORNING TO EVERYBODY ACROSS RADIO, TV, BLOOMBERG ORIGINALS -- TIM: WE ARE EVERYWHERE.CAROL: ALL OVER THE PLACE ...

Core Viewpoint - Robinhood Markets Inc. is a significant player in the financial services industry, known for its commission-free trading platform, which has gained popularity among retail investors, particularly younger demographics [1]. Group 1: Stock Performance - Bernstein has reiterated an "Outperform" rating for Robinhood, with the stock currently priced at $74.72, reflecting a decrease of 12.71% from its previous value of $85.60 [2][6]. - The stock has fluctuated between a low of $74.68 and a high of $79.90 on the current day, with a market capitalization of approximately $67.19 billion and a trading volume of 23.54 million shares [5]. Group 2: Business Developments - CEO Vlad Tenev expressed optimism regarding the company's prediction markets business, noting that NBA contracts have surpassed NFL contracts in trading activity, indicating strong user engagement [3][6]. - Upcoming major events such as the Winter Olympics, FIFA World Cup, and March Madness are expected to further boost trading activity on the platform [3]. - Robinhood is experiencing significant volume in non-sports contracts, including a notable government shutdown contract, as part of its strategy to diversify offerings and enhance customer experience [4][6].