Trading in retirement accounts jumped Monday as the s𝔉tock market clawed back some of 💞last week’s losses.

Investors dumped large-capitalization companies and picked up fixed income funds, collectively trading nearly 10 times the value that moves on a typical day, according to employee benefits administrator Alight Solutions, which has an index tracking more than 2 million investors’ 澳洲幸运5官方开奖结果体彩网:retirement accounts.

Monday was the fifth heaviest trading day for retirement account holdeℱrs since Alight began tracking their activi💃ty in 1997, the company said, and the biggest since the onset of the Covid pandemic.

Stocks plummeted Thursday and Friday as investors absorbed the Trump administration’s plans to impose tarif🌳fs on ne▨arly all U.S. trading partners. The S&P 500 and 澳洲幸运5官方开奖结果体彩网:Nasdaq Composite ended the 澳洲幸运5官方开奖结果体彩网:week down 9.1%🥂 and 10%, respectively.  The market 澳洲幸运5官方开奖结果体彩网:fluctuated on Monday: Stocks briefly rose based on a f📖alse report that Trump might delay🧜 the tariffs. By the closing bell, the S&P 500 was down 0.2% and the Nasdaq gained 0.1%.

Retirement traders tended to invest in conservative vehicles, such as bond, 澳洲幸运5官方开奖结果体彩网:money market, and 澳洲幸运5官方开奖结果体彩网:stable value funds, Alight said. Many this month through Monday sold equity in large-cap American companies and 澳洲幸运5官方开奖结果体彩网:target-date funds (TDFs), which automatically ꦰadjus𒀰t investments as account holders approach retirement or another milestone, Alight said.

“Historically, when stock markets have large losses on Fridays, we see very high trading activity ♚in 401(k) plans on the following Monday,” said🎐 Rob Austin, head of thought leadership at Alight. “This is because people react to the news by making portfolio adjustments over the weekend, which do not get executed until Monday.”

Retirement experts advise against selling stock in the midst of 🌃a downturn. Investors who try to sit out a slump with the♏ir assets pulled from the markets are unlikely to return in time to benefit from the market’s inevitable rally, they said.