📈 Stock Market News: Robinhood (HOOD) soars more than 50% - UBER, ETSY, ROKU drop after earnings

Here's what is happening in the markets today, Thursday, August 5th.
Here's what is happening in the markets today, Thursday, August 5th.

- The major averages closed lower on Wednesday.. 
- This week’s focus: jobs data. 
- Robinhood (HOOD) surges more than 50%, AMC drops 11%
- Uber (UBER), Etsy (ETSY), Roku (ROKU) see shares drop after earnings
- Biden meets with General Motors (GM), Ford (F), Stellantis (STLA) to set a new sales target for electric vehicles: 40% to 50% of all new auto sales by 2030. TSLA is up slightly.
- PENN is buying digital media and sports betting company Score Media (SCR) for $2 billion in cash and stock
- Return of Zoom: Zoom Video Communications (ZM) shares climbed almost 7%

This wraps up today's stock market news.

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