Schwab Clients Cautious as War Lowers Index

Schwab Trading Activity Index fell 2.23% to 56.04 in March, its sharpest monthly drop since May 2025.
Clients shifted toward diversified ETFs, with five of the top ten net‑buy names being ETFs rather than individual stocks.
Nvidia led net‑buys, followed by Microsoft and Tesla, while Broadcom topped net‑sells amid a 7% S&P 500 decline.
The Federal Reserve kept the policy rate unchanged at 3.5‑3.75% range, marking a second consecutive pause.