Robinhood CEO launches bold agentic AI trading feature

The SEC has eliminated the 25-year-old “pattern day trader” (PDT) designation and updated margin guidance, according to the article. FINRA’s prior $25,000 account-size and four-in-five-days PDT tracking requirements are removed; brokers must instead apply existing margin rules with a $2,000 minimum equity balance. The change could increase day-trading activity and benefit discount brokers such as Robinhood, Schwab, E*TRADE, and Interactive Brokers.

Robinhood posted a crypto teaser on X pointing to a “new era of crypto” presentation dated 7.1.26. The linked page, “The World is Flat,” features Robinhood CEO Vlad Tenev and references “products reshaping the map of finance.” The article ties the theme to Robinhood’s WonderFi acquisition, which the company said closed for about C$250 million (fully diluted) and gives it over 1 million customers outside the U.S.

After a stronger-than-expected U.S. payrolls report (172,000 vs 80,000 consensus) pushed the 10-year yield above 4.5% and shifted Fed expectations toward possible year-end hikes, several high-multiple digital stocks fell. Angi, Robinhood, and Sea each dropped about 3.8%–4.3%. For Robinhood, the article cites monthly platform assets up 12% to $345B and funded customers up to 27.6M, while Deutsche Bank kept a $86 “Buy” target.

Australia’s S&P/ASX 200 fell 0.7% to 8,625.10 on Friday, its lowest close since May 28, and logged its worst week in nearly a month. The index was down 1.2% for the week. The slide followed U.S.-Iran peace talks stalling amid U.S./Israel and Hezbollah ceasefire disputes, while resources and financials declined.

June 4 markets: the S&P 500 rose 0.41% to 7,584.31 and the Nasdaq edged down 0.09% to 26,830.96 as chip weakness weighed on tech, while the Dow gained 1.73% to a record 51,561.93 on value-stock leadership. Broadcom fell 13% after AI revenue guidance disappointed, pressuring semis. Alphabet rose nearly 4%. CrowdStrike slipped despite solid earnings; Robinhood rose despite a Bitcoin drop.

The Dow Industrial Average closed at a record high, up 1.73%. The S&P 500 rose 0.41% to 7,584.32, while the Nasdaq fell 0.09% to 26,830.96. Dow gains were led by UnitedHealth (+5.18%), Goldman Sachs (+4.91%) and Merck (+4.86%); losses were led by Verizon (-3.82%) and Honeywell (-2.52%).