US discount and Internet brokerage Charles Schwab said yesterday that its customers put in far fewer stock trades in May, a sign investors cooled off due to the slumping stock market.
Schwab, which has more than seven million brokerage accounts, said it processed 198,400 stock trades a day in May, down 37 per cent from 317,300 a day in April.
From maternity leave to remote working: Submit your work-related questions here
Listen to Inside Business podcast for a look at business and economics from an Irish perspective
Sign up to the Business Today newsletter for the latest new and commentary in your inbox
Get the latest business news and commentary from our expert business team in your inbox every weekday morning
