Robinhood halts trading amidst global market meltdown By Investing.com

Category: Finance

Robinhood has suspended its 24-hour trading service amid significant declines in global stock markets due to fears of a US economic slowdown. Japanese stocks dropped 13%, triggering circuit breakers, while U.S. and European markets also faced declines. Investors are turning to safe havens like the yen and Swiss franc, with expectations for Federal Reserve rate cuts increasing. Gold prices have risen as market concerns persist.

Keywords: Robinhood, stock market decline, economic slowdown

Source: Investing.com

Update At: 8/6/2024

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