| USA TODAY
GameStop-Robinhood ‘Wall Street bets’ frenzy explainedUSA Today’s personal finance and markets reporter Jessica Menton breaks down how hedge fund day traders are being wrecked by Reddit users.USA TODAYU.S. financial markets are closed on Monday in observance of Presidents Day. The New York Stock Exchange and the Nasdaq will resume normal trading hours on Tuesday following a three-day holiday weekend to celebrate George Washington’s birthday. Presidents Day is also a federal bank holiday.The U.S. bond market will be closed Monday, as recommended by the Securities Industry and Financial Markets Association.Foreign financial markets are open Monday. Currency markets are expected to remain open for trading. The next market holiday is Good Friday, which falls on April 2.All three major stock averages notched all-time highs Friday, buoyed by solid corporate earnings and optimism that Congress will pass more stimulus aid for the U.S. economy.IRS tax season kicks off: From stimulus checks to unemployment benefits, here’s what you need to know’Looking down their nose at you’: GameStop frenzy showed a fresh contempt for hedge funds. Why do Americans hate them?