Robinhood Markets Inc is trading 2.9% up at $108.27, extending a strong multi-day rally. * The rally is primarily driven by recent news of a strategic workforce reduction of 10% and the company reporting record average daily trading volumes across equities, options, and prediction markets in June. * This follows an 8.8% gain on June 17, with bullish analyst sentiment and price target upgrades further supporting the positive momentum. * Major indices are trading higher today, contributing to the broader market uplift, despite mixed performance in the cryptocurrency market.