Week’s Best: Brokerage Stocks’ Bad Day
Shares of Charles Schwab Robinhood and other financial companies tumbled earlier this month when payrolls data came in weaker than expected. Most financial stocks have recovered their losses, although Charles Schwab is still down about 4% since its Sept. 4 close. The brokerage firm, known for its free stock-trading app, aims to transform its customers into a tightknit community with a new social-media platform.