
US markets rallied; Robinhood surged 24.2% on extended trading; Chewy fell 15% after-hours on Q4 results
- The Nasdaq rose 1.8% to close Tuesday’s session at 14,620 points.
- Robinhood surged 24.2% after extending trading hours to 7am-8pm ET.
- Chewy plunged 15% in after-hours trade on the release of Q4 results.
The US markets closed higher on Tuesday as the price of oil dropped to the lowest level in almost two weeks, easing investors’ inflation concerns.
The Dow Jones rose 1% to finish the trading day up 338 points to close at 35,294 points.
The tech heavy NASDAQ rose 1.8% to finish the trading day up 265 points to close at 14,620 points with Netflix and Apple gaining 3.52% and 1.91% respectively.
One bitcoin is worth US$47,358 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 75.2 US cents.
Shares in trading platform Robinhood soared 24.2% on Tuesday after the company announced it is extending the hours it allows users to trade on the platform. Traders using Robinhood will now be able to trade on the platform from 7am to 8pm ET, in a small step toward becoming a 24/7 trading platform in the future.
Chewy shares fell 15% in after-hours trading after the online pet food retailer reported a third straight loss for the fourth-quarter. For the quarter, Chewy reported a net loss of US$63.6m, net sales of US$2.39bn up 17% YoY and adjusted EBITDA of negative US$28.1m, a decline of US$88.9m YoY. The company said supply chain and cost pressures continued to impact operations in the fourth-quarter.
And a hacker has stolen US$625m worth of cryptocurrency from Ronin, the blockchain underlying popular crypto-game, Axie Infinity, in one of the largest decentralised finance hacks to date.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreSee more stories like this
