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Robinhood skyrocket

US markets rally; Robinhood skyrocketed 50%; Fiverr plunged 24% on guidance update

  • The Nasdaq closed 0.8% higher at a fresh record 14,895.
  • HubSpot soared just under 12% on Q2 results topping estimates.
  • Fiverr tumbled more than 24% following Q2 results and Q3 guidance update.

The US markets closed higher on Thursday as investors responded to a slight drop in new weekly jobless claims last week ahead of the U.S. payrolls report out on Friday.

The Dow Jones rose 0.78% to finish the trading day up 272 points to close at 35,064 points.

The tech heavy NASDAQ rose 0.8% to finish the trading day up 115 points to close at 14,895 points with Netflix and Google gaining 1.46% and 0.67% respectively.

One bitcoin is worth US$40,958 going into the Asian trading day.

The Australian dollar is firm against the major currencies and is buying 74.05 US cents.

US software development company HubSpot soared almost 12% on Thursday after reporting second-quarter results that exceeded earnings and revenue estimates. For the period, HubSpot reported EPS of $0.43/share, topping estimates of US$0.32/share, and revenues of US$310.79m, up from US$203.61m for the same period a year earlier.

Online freelancer marketplace Fiverr tumbled more than 24% yesterday after reporting Q2 results. Despite reporting a revenue hike of 60% to US$75.3m which well exceeded analyst estimates of US$74.8m, and net income of US$7.9m, Fiverr announced it expects revenue in Q3 to be down from Q2, at US$68m-US$72m as a return to workplaces is hurting the freelance market.

And DoorDash has cracked the code to offer US and Canadian customers the ability to order from different restaurants/stores in the same order without incurring any additional fees, through a new program called DoubleDash.

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