OMAHA, Nebraska — Online brokerage TD Ameritrade says its six million investors appear more optimistic about the market now than they did a month ago.
TD Ameritrade said Monday that its Investor Movement Index rebounded to 4.75 in March after hitting a two-year low of 4.7 in February. The index is based on what investors are buying and selling.
The score on the six-point scale remains in modest territory but TD Ameritrade's Nicole Sherrod says investors were net buyers of equities last month.
Sherrod says the main reason the index didn't increase more is that several of the biggest stocks Ameritrade investors hold were considered less volatile in March.
TD Ameritrade investors were net buyers of Apple and Lumber Liquidators during March, and oil producers such as ExxonMobil remained popular.