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Robinhood stock rallies after earnings beat, plan to launch 24-hour trading as engagement wobbles

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Robinhood said it will launch a new trading service next week that will allow around-the-clock stock trading five days a week.

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 remains muted when compared to last year.

But in Robinhood’s HOOD latest efforts to reverse that trend with new products — including things like IRAs and forays into advisory services and futures offerings — the company said that it would launch a new 24-hour trading service next week, called 24 Hour Market, that would allow around-the-clock stock...

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