Robinhood climbs back from lowest level since IPO


FILE PHOTO Robinhood logo is seen on a smartphone in front of a displayed same logo in this illustration taken July 2 2021. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Robinhood logo is seen on a smartphone in front of a displayed same logo in this illustration taken, July 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Shares of Robinhood Markets Inc reversed course to trade nearly 6% higher on Friday, driven by a broader market rebound, after touching their lowest level since the stock's IPO in July earlier in the day.

Stellar results from Apple and Visa helped the U.S. stock indexes rise on the last day of a week marked by wild swings amid worries about aggressive rate hikes by the Federal Reserve and geopolitical tensions between Russia and the West. [.N]

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