🔴 HOOD is trading 4.76% down today as hot PPI data and crypto weakness weigh on sentiment

HOOD is trading at $75.67 (-4.76%) as hot PPI data delays rate cut expectations and a sell-off in major cryptocurrencies impacts trading volumes.

• Broader markets are under pressure with the S&P 500 down 0.83% and the Nasdaq falling 1.02% following the hot inflation report.
• Weakness in BTC (-1.74%) and ETH (-3.33%) since the last close continues to hit crypto trading volumes, adding to year-to-date pressure on the exchange's DARTs and revenues.