Robinhood Jumps 10.64% as Crypto-Linked Stocks Outperform Broader U.S. Market

Crypto-linked stocks closed higher on May 30, outperforming alongside a modest gain in the broader U.S. market. Robinhood rose 11.15%, MicroStrategy gained 4.91%, Coinbase added 3.72%, and Circle advanced 4.40%. Major U.S. indexes also ended in positive territory, with the S&P 500 up 0.22%, the Nasdaq gaining 0.2%, and the Dow rising 0.72%. For the month, the S&P 500 climbed 5.15% in May and recorded a ninth straight weekly gain.

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