Cathie Wood Jumps on Market Crash with Robinhood and Solana Buys

Cathie Wood's ARK Invest was on the case to jump in and buy the dip on September 4, as stronger-than-expected U.S. jobs data sparked a market crash.

The firm's ARK Genomic Revolution ETF (ARKG) added 28,589 shares of Robinhood Markets (NASDAQ: HOOD), valued at about $3.49 million based on the closing price of $122.11.

The purchases came as nonfarm payroll rose by 162,000 in August, nearly tripling the expected level of 55,000, and the unemployment rate held steady at 4.1%, according to the Labor Department.