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Small caps hit record highs as Fed holds rates; Robinhood surges 12% on strong trading volumes.

Market News
17 Jun 2026
Piero Cingari
View Source
Bullish
pluang ai news

U.S. stock markets rose Wednesday with small caps leading, hitting record highs as investors awaited Federal Reserve Chair Kevin Warsh's first interest rate decision. The Fed is expected to keep rates steady at 3.50%-3.75%, focusing attention on future rate guidance. Semiconductor stocks gained on strong AI-driven demand forecasts, while Robinhood jumped 12.2% after Deutsche Bank raised its price target citing record June trading volumes and workforce cuts. Meanwhile, exchange operators fell amid competition concerns from new Bitcoin futures offerings.

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