Why Robinhood Markets Shares Are Rising

Shares of several banking and financial services companies, including Robinhood Markets Inc HOOD, are trading higher as stocks gain ahead of today's Fed decision. The Fed is expected to hike interest rates.

Investors continue to weigh the economic impact of the Russia-Ukraine conflict, which has driven volatility in stocks in recent weeks. 

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Robinhood Markets is trading higher by 14.7% at $12.66. Robinhood Markets has a 52-week high of $85.00 and a 52-week low of $9.93.