Robinhood stock rallies after first-quarter results beat, plans launch of 24-hour trading

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Shares of Robinhood Markets Inc. moved higher after hours on Wednesday after the trading app reported first-quarter results that were better than expected — even as trading activity remained muted when compared to the prior year — and the company said it planned to launch 24-hour trading next week.

Executives said the new service, called 24 Hour Market, will allow customers to trade stocks 24 hours a day, five days a week.

The…

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