Robinhood's Down, but This Nasdaq Stock's Fall Is More Surprising

Investors were hoping that stocks would regain their footing on Friday morning, but major market benchmarks still trended slightly lower in choppy trading. As of 10:15 a.m. ET, the Nasdaq Composite Index (NASDAQINDEX: ^IXIC) was close to the break-even point, down just 6 points to 13,347. Robinhood Markets (NASDAQ: HOOD) has seen a massive drop in its stock price lately, and its slide continued after it delivered a financial report that confirmed many of the challenges it has had to face.