Latest news with #SchwabTradingActivityIndex™
Business Wire
4 days ago
- Business
- Business Wire
Schwab Trading Activity Index™: STAX Score Climbs Slightly After Three Months of Decline
WESTLAKE, Texas--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) increased slightly to 40.66 in June, up from its score of 39.68 in May. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending June 27, 2025, ranks 'low' compared to historic averages. 'One theme that carried throughout the June STAX period was the rotation into industrial and discretionary sectors and away from tech,' said Joe Mazzola, Head Trading and Derivatives Strategist at Charles Schwab. 'The industrial sector has been a top performer year-to-date, with all the talk of onshoring leading to increased infrastructure investment.' As the S&P 500 index (SPX) set new record highs in June and climbed more than 5%, Schwab clients gingerly dipped their toes in the water but stayed cautious. The STAX climbed for the first month after three straight declines, but by less than 2.5% and not much above May's two-year lows. The STAX improved the first three weeks of June but declined in the final full week of the month. And while up slightly on a month-to-month basis, the STAX remains well below its 2025 high of 51.94 posted in February and was outpaced by the SPX for the fourth straight month, hinting at prolonged caution by clients. Tech has now seen strong selling by clients since December, excepting a short period of optimism in late January and early February. Meanwhile, the trend toward buying of exchange-traded funds (ETFs) as opposed to individual stocks also remained popular, according to the June STAX data. 'For the fifth month in a row, information technology was the biggest net-sell sector on a dollar basis, and the reason we're seeing big net-outflows in tech is really Nvidia-based,' said Mazzola. 'This was the second month in a row of selling in Nvidia, and the selling came despite Nvidia's shares climbing around 15% during the period amid optimism about U.S. trade with China and rising demand for AI chips overall. Microsoft also saw net-selling as its shares hit new record highs. This could suggest clients getting nervous about the velocity of these moves and trimming into strength." Stock market volatility fell again in June, easing as investors expected positive outcomes on both the tariff and U.S. budget front and despite geopolitical rumblings centered on war in the Middle East. The CBOE Volatility Index ® (VIX) traded well below its historic average of 20 by late June. The May U.S. Nonfarm Payrolls report showed 139,000 jobs created, slightly above expectations but down from a revised 147,000 in April, as unemployment remained low at 4.2%. Participation in the labor market fell to 62.4% from 62.6%, a reversal from April's gain. Inflation reports in June offered fresh signs of price growth retreating, though not approaching the Federal Reserve's 2% target. The May Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) index generally featured price growth slowing from April, though core PCE that subtracts volatile food and energy prices rose 2.7% year over year, a slightly higher-than-expected reading. The Fed kept rates unchanged at its June meeting at a target range of 4.25% to 4.5%, where it's been since December. Personal income fell a sharp 0.4% in May while spending slipped 0.1%. The reduced spending could reflect demand having been pulled forward into earlier in the year by tariff-based inflation worries. Treasury note yields slipped in June, with the Treasury market gaining despite worries that the Republican budget plan could significantly raise U.S. debt (yields trade inversely to Treasuries). Yields fell below 4.3% for the benchmark 10-year note by late June, down about 30 basis points from a month earlier and not far from two-month lows. Popular names bought by Schwab clients during the period included: Tesla Inc. (TSLA) Palantir Technologies Inc. (PLTR) Inc. (AMZN) Alphabet Inc. (GOOGL) Circle Internet Group Inc. (CRCL) Names net sold by Schwab clients during the period included: NVIDIA Corp. (NVDA) Microsoft Corp. (MSFT) Coinbase Global Inc. (COIN) Meta Platforms Inc. (META) Intel Corp. (INTC) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim ® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0725-EH6Y
Yahoo
09-06-2025
- Business
- Yahoo
Schwab Trading Activity Index™: STAX Score Continues Downward Trend Despite May Rally
Schwab clients were sellers of equities in May; Net selling was highest in the Information Technology, Communication Services, and Financial sectors WESTLAKE, Texas, June 09, 2025--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) decreased to 39.68 in May, down from its score of 41.18 in April. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending May 30, 2025, ranks "low" compared to historic averages. "Particularly toward the end of the month, we saw that a lot of the dip-buying that retail clients at Schwab had engaged in during April volatility began to give way to paring some of their higher-beta positions, leading to a negative STAX score that diverged from overall market gains," said Joe Mazzola, Head Trading and Derivatives Strategist at Charles Schwab. "Nvidia was by far retail clients' top sell in May. Having bought into earnings the week of May 23, many then sold out after earnings. It's rare that a single name has this degree of influence on the overall STAX score, but in this case, it had a profound effect." Wall Street enjoyed its best May since 1990 as the S&P 500 index® (SPX) climbed more than 6%, but Schwab clients used the rally as a selling opportunity, especially for long-time favorite Nvidia (NVDA). The STAX score fell for the third straight month to its lowest level since April 2023 as Schwab clients were net sellers on a dollar basis of six S&P 500 sectors, shedding information technology and communication services stocks, though they increased exposure to the Health Care sector to a dramatic degree. Though the STAX fell sharply in April, the latter part of that month and early May saw Schwab clients jump back in as stocks advanced from tariff-related early-April lows. That trend lost steam as May continued. Tech has now seen strong selling by clients since December, except for a short period of optimism in late January and early February. Meanwhile, the trend in April toward buying of exchange-traded funds (ETFs) as opposed to individual stocks also remained popular, according to the May STAX data. The S&P 500 kicked off May on a hot streak, rising 7% by May 19, when it made its monthly high close of 5,963, up roughly 1,000 points from the April low. Volatility fell throughout the month, easing as trade-related concerns tempered. In general, economic data improved throughout May despite a couple of shaky sentiment numbers early in the month that kept recession fears from dissipating completely. The April Nonfarm Payrolls report showed 177,000 jobs created, above expectations, as unemployment remained low at 4.2%. Participation in the job market also ticked higher, often a sign of positive economic momentum. The April Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) index generally featured slowing price growth from March, though analysts and Fed policy makers remained wary of possible tariff-related inflation popping up later this year. The Fed kept rates unchanged. Earnings season featured much better-than-expected first quarter results across most sectors, though that may have reflected some pull-forward ahead of looming tariffs. Treasury note yields climbed through much of the month, with the Treasury market hurt in part by concerns about growing levels of debt. Yields topped 4.6% for the benchmark 10-year note on May 22, well above the low near 4.12% on May 1. Popular names bought by Schwab clients during the period included: Palantir Technologies Inc. (PLTR) UnitedHealth Group Inc. (UNH) Inc. (AMZN) Tesla Inc. (TSLA) Apple Inc. (AAPL) Names net sold by Schwab clients during the period included: NVIDIA Corp. (NVDA) Microsoft Corp. (MSFT) Meta Platforms Inc. (META) Broadcom Inc. (AVGO) Walt Disney Co. (DIS) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0625-3Z2W View source version on Contacts At the Company Margaret FarrellDirector, Corporate Communications(203)
Business Wire
09-06-2025
- Business
- Business Wire
Schwab Trading Activity Index™: STAX Score Continues Downward Trend Despite May Rally
WESTLAKE, Texas--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) decreased to 39.68 in May, down from its score of 41.18 in April. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending May 30, 2025, ranks 'low' compared to historic averages. 'Particularly toward the end of the month, we saw that a lot of the dip-buying that retail clients at Schwab had engaged in during April volatility began to give way to paring some of their higher-beta positions, leading to a negative STAX score that diverged from overall market gains,' said Joe Mazzola, Head Trading and Derivatives Strategist at Charles Schwab. 'Nvidia was by far retail clients' top sell in May. Having bought into earnings the week of May 23, many then sold out after earnings. It's rare that a single name has this degree of influence on the overall STAX score, but in this case, it had a profound effect.' Wall Street enjoyed its best May since 1990 as the S&P 500 index® (SPX) climbed more than 6%, but Schwab clients used the rally as a selling opportunity, especially for long-time favorite Nvidia (NVDA). The STAX score fell for the third straight month to its lowest level since April 2023 as Schwab clients were net sellers on a dollar basis of six S&P 500 sectors, shedding information technology and communication services stocks, though they increased exposure to the Health Care sector to a dramatic degree. Though the STAX fell sharply in April, the latter part of that month and early May saw Schwab clients jump back in as stocks advanced from tariff-related early-April lows. That trend lost steam as May continued. Tech has now seen strong selling by clients since December, except for a short period of optimism in late January and early February. Meanwhile, the trend in April toward buying of exchange-traded funds (ETFs) as opposed to individual stocks also remained popular, according to the May STAX data. The S&P 500 kicked off May on a hot streak, rising 7% by May 19, when it made its monthly high close of 5,963, up roughly 1,000 points from the April low. Volatility fell throughout the month, easing as trade-related concerns tempered. In general, economic data improved throughout May despite a couple of shaky sentiment numbers early in the month that kept recession fears from dissipating completely. The April Nonfarm Payrolls report showed 177,000 jobs created, above expectations, as unemployment remained low at 4.2%. Participation in the job market also ticked higher, often a sign of positive economic momentum. The April Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) index generally featured slowing price growth from March, though analysts and Fed policy makers remained wary of possible tariff-related inflation popping up later this year. The Fed kept rates unchanged. Earnings season featured much better-than-expected first quarter results across most sectors, though that may have reflected some pull-forward ahead of looming tariffs. Treasury note yields climbed through much of the month, with the Treasury market hurt in part by concerns about growing levels of debt. Yields topped 4.6% for the benchmark 10-year note on May 22, well above the low near 4.12% on May 1. Popular names bought by Schwab clients during the period included: Palantir Technologies Inc. (PLTR) UnitedHealth Group Inc. (UNH) Inc. (AMZN) Tesla Inc. (TSLA) Apple Inc. (AAPL) Names net sold by Schwab clients during the period included: NVIDIA Corp. (NVDA) Microsoft Corp. (MSFT) Meta Platforms Inc. (META) Broadcom Inc. (AVGO) Walt Disney Co. (DIS) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim ® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0625-3Z2W
Yahoo
05-05-2025
- Business
- Yahoo
Schwab Trading Activity Index™: STAX Score Plunges Amid April Volatility
Schwab clients were sellers of equities in April; Net selling was highest in the Information Technology, Consumer Staples, and Consumer Discretionary sectors WESTLAKE, Texas, May 05, 2025--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) decreased to 41.18 in April, down from its score of 48.36 in March. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending April 25, 2025, ranks "low" compared to historic averages. "Volatility was a huge story this month as the STAX fell to its lowest level in two years as Schwab clients were net sellers on a dollar basis of every S&P 500 sector except energy," said Joe Mazzola, Head Trading & Derivatives Strategist at Charles Schwab. "Clients shied from individual stocks during April even as the S&P 500 and Nasdaq Composite boomeranged double digits from the April lows. As would be expected given the continued volatility in the markets, we saw a broad pattern of clients rotating out of equities and gravitating towards fixed income and broad-based ETFs as potentially lower-risk alternatives to individual names, using the spike in volatility not to run away from the market but to optimize their trading strategies with the opportunity afforded them." Amidst tariff policy announcements on April 2, stocks briefly went down to 13-month lows before the market made a dramatic comeback to recover much of those losses amid optimism for trade deal progression, Q1 earnings stability, and declining treasury yields. The STAX fell every week of the April period, though the first week saw the heaviest selling as STAX fell 11%, the biggest weekly drop since the first week of April 2023. The third week of the four saw only mild net-selling but selling accelerated again in the final week ending April 25. On a monthly basis, April's overall STAX plunge of 14.85% was the deepest drop since March 2020, the first full month of the COVID-19 pandemic. While clients didn't participate as much on the equity side, we did see selling of premium toward the end of the month as the CBOE Volatility Index® (VIX) pulled back from highs. "We did see some ETF buying, which suggests that instead of trying to pick names that would do well with tariffs, clients decided to diversify," Mazzola said. "Clients were risk-averse, generally going back to names they know and companies that they tend to turn to in times of peril. Outside of NVDA, there was a noticeable absence of many of the AI chip providers that normally frequent this list." Inflation data during the STAX period was relatively benign, continuing a trend, but investors nervously watched the Atlanta Fed's GDPNow meter for first quarter gross domestic product (GDP) fall into the red, suggesting tariffs already could be hurting the economy. When the government's first GDP estimate came out after the STAX period ended on April 30, it confirmed those fears, though much of the weakness was driven by a huge gain in imports that likely reflected pull-forward buying ahead of tariffs. The labor market looked strong most of April, as March nonfarm payrolls rose a solid 228,000 and initial weekly jobless claims remained well below 230,000 all month, a relatively light level. Retail sales also popped in March, after faltering earlier this year. There's a chance some of this reflected pre-tariff stocking by consumers as expensive items like automobiles, electronics, and furniture sales all rose sharply. Earnings season began in mid-April and featured solid results from the biggest U.S. banks, most of which referred to resilient consumers but expressed concern about possible tariff impact on business plans for their clients. However, analysts steadily cut their earnings growth estimates for later this year, calling into question current market valuations, which remain historically high even with the April stock market correction. Many other firms reported as well from across S&P sectors during the STAX period, with most beating Wall Street's estimates. But many withheld or withdrew guidance, citing tariff uncertainty. Shakiness continued later in the STAX period as Treasury yields spiked and the dollar sank—two things that hadn't been expected in an atmosphere dominated by U.S. tariff concerns. The weakness in U.S. currency and fixed income markets might have reflected investors shying from these markets amid concerns about policy confusion related to both trade and the U.S. budget. Treasury note yields backtracked in the latter half of April, with the benchmark 10-year note yield eventually falling below 4.2% after touching 4.6% at its April highs. Popular names bought by Schwab clients during the period included: NVIDIA Corp. (NVDA) Inc. (AMZN) Tesla Inc. (TSLA) Meta Platforms Inc. (META) Palantir Technologies Inc. (PLTR) Names net sold by Schwab clients during the period included: Alibaba Group Holding Ltd. (BABA) MicroStrategy Inc. (MSTR) Boeing Co. (BA) Netflix Inc. (NFLX) UnitedHealth Group Inc. (UNH) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0525-S1VN View source version on Contacts At the Company Margaret FarrellDirector, Corporate Communications(203) Sign in to access your portfolio
Business Wire
05-05-2025
- Business
- Business Wire
Schwab Trading Activity Index™: STAX Score Plunges Amid April Volatility
WESTLAKE, Texas--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) decreased to 41.18 in April, down from its score of 48.36 in March. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending April 25, 2025, ranks 'low' compared to historic averages. 'Volatility was a huge story this month as the STAX fell to its lowest level in two years as Schwab clients were net sellers on a dollar basis of every S&P 500 sector except energy,' said Joe Mazzola, Head Trading & Derivatives Strategist at Charles Schwab. 'Clients shied from individual stocks during April even as the S&P 500 and Nasdaq Composite boomeranged double digits from the April lows. As would be expected given the continued volatility in the markets, we saw a broad pattern of clients rotating out of equities and gravitating towards fixed income and broad-based ETFs as potentially lower-risk alternatives to individual names, using the spike in volatility not to run away from the market but to optimize their trading strategies with the opportunity afforded them.' Amidst tariff policy announcements on April 2, stocks briefly went down to 13-month lows before the market made a dramatic comeback to recover much of those losses amid optimism for trade deal progression, Q1 earnings stability, and declining treasury yields. The STAX fell every week of the April period, though the first week saw the heaviest selling as STAX fell 11%, the biggest weekly drop since the first week of April 2023. The third week of the four saw only mild net-selling but selling accelerated again in the final week ending April 25. On a monthly basis, April's overall STAX plunge of 14.85% was the deepest drop since March 2020, the first full month of the COVID-19 pandemic. While clients didn't participate as much on the equity side, we did see selling of premium toward the end of the month as the CBOE Volatility Index ® (VIX) pulled back from highs. "We did see some ETF buying, which suggests that instead of trying to pick names that would do well with tariffs, clients decided to diversify," Mazzola said. "Clients were risk-averse, generally going back to names they know and companies that they tend to turn to in times of peril. Outside of NVDA, there was a noticeable absence of many of the AI chip providers that normally frequent this list." Inflation data during the STAX period was relatively benign, continuing a trend, but investors nervously watched the Atlanta Fed's GDPNow meter for first quarter gross domestic product (GDP) fall into the red, suggesting tariffs already could be hurting the economy. When the government's first GDP estimate came out after the STAX period ended on April 30, it confirmed those fears, though much of the weakness was driven by a huge gain in imports that likely reflected pull-forward buying ahead of tariffs. The labor market looked strong most of April, as March nonfarm payrolls rose a solid 228,000 and initial weekly jobless claims remained well below 230,000 all month, a relatively light level. Retail sales also popped in March, after faltering earlier this year. There's a chance some of this reflected pre-tariff stocking by consumers as expensive items like automobiles, electronics, and furniture sales all rose sharply. Earnings season began in mid-April and featured solid results from the biggest U.S. banks, most of which referred to resilient consumers but expressed concern about possible tariff impact on business plans for their clients. However, analysts steadily cut their earnings growth estimates for later this year, calling into question current market valuations, which remain historically high even with the April stock market correction. Many other firms reported as well from across S&P sectors during the STAX period, with most beating Wall Street's estimates. But many withheld or withdrew guidance, citing tariff uncertainty. Shakiness continued later in the STAX period as Treasury yields spiked and the dollar sank—two things that hadn't been expected in an atmosphere dominated by U.S. tariff concerns. The weakness in U.S. currency and fixed income markets might have reflected investors shying from these markets amid concerns about policy confusion related to both trade and the U.S. budget. Treasury note yields backtracked in the latter half of April, with the benchmark 10-year note yield eventually falling below 4.2% after touching 4.6% at its April highs. Popular names bought by Schwab clients during the period included: NVIDIA Corp. (NVDA) Inc. (AMZN) Tesla Inc. (TSLA) Meta Platforms Inc. (META) Palantir Technologies Inc. (PLTR) Names net sold by Schwab clients during the period included: Alibaba Group Holding Ltd. (BABA) MicroStrategy Inc. (MSTR) Boeing Co. (BA) Netflix Inc. (NFLX) UnitedHealth Group Inc. (UNH) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim ® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0525-S1VN
