Key Takeout
- The online brokerage began trading on September 19, 2025, but utility stocks dropped following a significant contract announcement.
- Shares of Robinhood surged after CEO Vlad Tenev showcased growth in the platform’s event contract trading business.
- Vistra’s stock took a dive after the announcement of a contract related to the Comanche Peak nuclear power plant raised pricing concerns.
The electronic brokerage’s operators felt a boost thanks to growth signals, but nuclear generator stocks experienced a dip after the news about nuclear energy trading.
On Monday, the major US stock index saw a small gain, primarily driven by tech stocks, as investors seemed to downplay concerns about potential government shutdowns later that week. The S&P 500 went up by 0.3%, the Dow rose by 0.2%, and the Nasdaq added 0.5%.
Robinhood Markets (Hood) saw its shares leap over 12%, closing at a record high and securing the top spot on the S&P 500. CEO Vlad Tenev posted on social media that the brokerage’s platform crossed the 4 billion mark in event contracts traded in the forecast market. Piper Sandler analysts previously cited this growth when they adjusted their price target for Robinhood upward.
Meanwhile, Western Digital (WDC) stocks climbed 9.2% after analysts from Morgan Stanley and Rosenblatt Securities raised their price targets for data storage stocks, pointing to an increasing need for hard drives due to artificial intelligence. They also lifted the price target for Seagate Technology (STX), which saw a gain of 5.3%.
Coinbase Global (Coin), the largest cryptocurrency exchange in the U.S., enjoyed a 6.8% rise in its stock as Bitcoin (BTCUSD) and other major cryptocurrencies saw price increases. Last week, Securities and Exchange Commissioner Hester Peirce called for more clarity in crypto regulations, which could aid in industry growth.
Shares of Applovin (APP), a company providing marketing and monetization tools for mobile app developers, rose 6.3% to a record high after Morgan Stanley adjusted its price target for the stock. Analysts emphasized the platform’s upcoming soft launch targeting Nongaming Advertisers, suggesting it would boost momentum beyond just gaming.
However, furniture companies came under pressure when President Donald Trump indicated plans for significant tariffs on imported furniture. It’s unclear how the tax would be structured, but the announcement negatively impacted companies reliant on imports. Shares of Williams-Sonoma (WSM), which owns several home goods brands, fell 4.7%, underperforming many in the S&P 500.
Utility Company Vistra (VST) revealed that it had entered an agreement to supply electricity from the Comanche Peak nuclear facility in Texas through regulatory channels. However, the lack of information regarding customers caused some concern among analysts, leading to a 4.5% decrease in their stocks.
Carnival (CCL) shares fell 4% after the cruise operator released its quarterly results. While the company exceeded revenue and adjusted profit expectations and reported strong bookings, it issued forecasts that fell short of the net yield expectations—a revenue metric pertaining to passenger income and cruise-related expenses.
