The Robinhood app is down as the Dow surges back up
In what could be a blow to its meteoric rise, Robinhood, the free mobile trading app, experienced a system-wide outage Monday, a day stocks are gaining more than 700 points after steep sell-offs due to coronavirus fears.Robinhood said it was experiencing “downtime issues” that are impacting “all” functionalities on its platform. The fintech said it’s aware of the issues and is working to have systems up and running as soon as possible.
The outage at Robinhood couldn’t come at a worse time for the fintech. Stocks are rebounding after last week’s plummet due to coronavirus fears. All of the major stock indexes ended last week in correction territory. On Monday the markets were clawing their way back with the Dow Jones Industrial Average recently up 706 points. Customers of Robinhood, however, couldn’t take part in the rally.
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