"Due to higher-than-usual volumes, some clients may have experienced delays in accessing some online features as the market opened but our systems are fine and up and running," Schwab told Business Insider.Fidelity manages about $7.8 trillion in client assets. Schwab has about $5.1 trillion in assets under management, including those acquired from its purchase of TD Ameritrade.
Monday's market slump arrives as the surging number of coronavirus cases gripped investors around the world. Stocks fell through late January on initial reports of the outbreak before resuming their climb to record highs. The latest tumble that drags on stocks for months to come, some strategists said Monday. Others view the plunge as a buying opportunity before markets resume their record-long bull run.
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