Why Is Robinhood (HOOD) Stock Up Today? SEC Scraps $25K Day-Trading Rule to Spark 10.4% Rally

Robinhood Markets (HOOD) shares skyrocketed on April 15, 2026, closing up 10.41% at $87.32. The stock extended its gains in after-hours trading, climbing another 3.36% to reach $90.25. The massive rally was triggered by the U.S. Securities and Exchange Commission (SEC) approving a landmark rule change that eliminates the restrictive $25,000 minimum equity requirement for Pattern Day Traders (PDT).