Robinhood opens at $38

Wonders of wonders. It opens at the IPO price

The price of Robinhood, the retail online trading platform, has opened at $38 a share. That was the proposed IPO price.  The stock is currently trading in volatile faction above and below the $38 level.  

Relatively speaking, trading near the IPO price is not a great signal. 

Meanwhile the Dow and S&P have traded to a new record prices today. 

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