markets
RDDT +2.06% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
RDDT breaks above $204, leading social/tech names in early trade.
Reddit is up 2.06% to $204.39 at the open, outpacing a flat tape — SPY is barely green at +0.02% and AAPL is in the red at $314.81. Small caps (IWM +0.19%) and risk proxies SOFI (+1.39%) and RIOT (+1.12%) are showing modest participation, suggesting selective rotation rather than a broad bid.
Watch: $204.39 needs to hold as intraday support — a fade back below $200.31 (prior close) flips this into a failed breakout. On the upside, momentum through $205 opens a run toward the next clean level.