Top discount brokerage Charles Schwab on Tuesday said customer stock trading dropped 7% in May from April, as low market volatility dissuaded clients from trading.

Daily average trades totaled 190,300 in May, representing a 7% decline from April, while year-over-year, trading rose 27%, Schwab said in a press release. Daily average revenue trades, or DART, rang 169,400 in May, also down 7% from April, but up 25% from the year-ago period.

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