Robinhood exec touts retail investor strength, says overnight trading the future

(Reuters) -Robinhood executive Steve Quirk on Thursday credited retail investors with helping the market rebound after a sharp plunge in April, adding that young self-directed traders were increasingly making trades outside traditional hours. His comments came in reference to the market turmoil that followed U.S. President Donald Trump's announcement of sweeping tariffs on Liberation Day earlier this year. Retail investors have evolved into a notable market force since the GameStop short-squeeze of 2020, buying $4.7 billion in stocks on April 3, the highest level over the past decade, according to JPMorgan estimates.