🟢 Reddit is trading 4% up today on risk-on sentiment and Fed rate cut hopes

RDDT is trading at $145.84 (+4.17%) as broader markets advance on risk-on sentiment and expectations for Federal Reserve rate cuts.

• With no fresh company-specific news, the move extends yesterday's 5.77% gain as the S&P 500 (+0.72%) and Nasdaq (+0.85%) climb on easing Middle East tensions.
• While Reddit recently reported strong Q4 revenue growth of 70% to $726 million and $252 million in net income, shares remain down 39% year-to-date due to valuation concerns.