Trading in retirement accounts jumped Monda🌃y as the stock market clawed back some of last w🐻eek’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开奖号码历史查询:retirement accounts.

Monday was the fifth heaviest trading day for retirement account holders since Alight began tracking their activity in 1997, the company said, and the biggest si꧋nce the onset of the Covid pandemic.

Stocks plummeted Thursday and Friday as investors absorbed the Trump administration’s plans to impose tariffs on nearly all U.S. trading𝄹 partners. The S&P 500 and 澳洲幸运5开奖号码历史查询:Nasdaq Composite ended the 澳洲幸运5开奖号码历史查询:week down 9🐽🗹.1% and 10%, respectively.  The market 澳洲幸运5开奖号码历史查询:fluctuated on Monday: S𝔉tock⛎s briefly rose based on a false 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开奖号码历史查询:money market, and 澳洲幸运5开奖号码历史查询:stable value funds, Alight said. Many this month through Monday sold equity in large-cap American companies and 澳洲幸运5开奖号码历史查询:target-date funds (TDFs), which a💧utomatically adjust investments as account holders approach retirement or another mileston🍌e, 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, he🌃ad 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 their assets pulled fromꦬ the markets are unlikely to return in time to benefit from the market’s inevitable rally, they saidꦉ.