These 2 Hot IPO Stocks Are Back on the Move Friday

The stock market was mixed on Friday, with major market indexes climbing early but then starting to fall back as the morning progressed. Investors remain upbeat about the future of the U.S. economy but worry about inflation and the potential impact on the Federal Reserve's stance on interest rates. As of 11 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 246 points to 34,330, and the S&P 500 (SNPINDEX: ^GSPC) had picked up 14 points to 4,174. However, the Nasdaq Composite (NASDAQINDEX: ^IXIC) had given up 13 points to 13,523.

Hundreds of stocks have gone public in recent months, and many of them have seen heightened volatility as the stock market has gone through various ups and downs. However, a couple of hot IPO stocks were among the market's best performers on Friday morning. Below, we'll look more closely at what sent Roblox (NYSE: RBLX) and Yalla Group (NYSE: YALA) sharply higher.

Shares of Roblox rose almost 9% on Friday morning. The video game platform provider just came public through a direct listing in March, and today's move higher sent the stock to its best levels ever.

Source Fool.com