SCHW Stock: In a significant shift for U.S. retail investors, Charles Schwab Corp. (SCHW) announced it will expand its 24-hour trading capabilities to include all stocks in the S&P 500, Nasdaq-100, and hundreds of ETFs, with a pilot phase launching this November and full access for clients by 2025. This move follows a surge in demand from Schwab’s clients, especially younger and international traders, eager to access U.S. markets outside traditional hours to better respond to global economic shifts and market volatility.
Schwab’s current 24-hour trading access includes a limited selection of ETFs, and the upcoming expansion positions it alongside competitors like Robinhood, which recently announced 24-hour trading for over 1,000 tickers. Additionally, Intercontinental Exchange’s NYSE Arca recently extended its trading window to 22 hours, reflecting the industry’s broader embrace of extended market access.
“Our goal has always been to provide clients with responsible access to 24/5 trading,” said James Kostulias, Schwab’s head of Trading Services, noting that 90% of Schwab’s active traders expressed interest in expanded trading hours.
This change also coincides with an eventful week in the stock market, as the S&P 500 and Nasdaq indices experience shifts due to earnings from tech giants like Alphabet, which posted strong cloud growth, and challenges for companies like AMD, whose shares fell due to weak revenue guidance. The broader economic picture remains mixed, with the U.S. GDP growth slowing to 2.8% in Q3, slightly below forecasted expectations, and private payroll data showing a strong labor market.
The impact of Schwab’s decision to expand trading hours is expected to be profound, granting investors unparalleled flexibility and access to real-time trading data, which may influence market sentiment as U.S. investors continue to focus on tech earnings and economic indicators.