AP Spotlight From dabblers to day traders, individual investors' impact on Wall Street grows ALEX VEIGA AP Business Writer Feb 25, 2026 Feb 25, 2026 Updated Mar 27, 2026 0 A screen on the floor of the New York Stock Exchange on Feb. 13 displays an intraday number for the QQQ, tracking the Nasdaq-100. Richard Drew, Associated Press Facebook Twitter Bluesky WhatsApp SMS Email Print Copy article link Save ALEX VEIGA AP Business Writer LOS ANGELES — For years, individual investors were dismissed by some on Wall Street as “dumb money.”kAm%92E EJA:42==J C676CC65 E@ E9@D6 AC@?6 E@ EC25:?8 @? 9JA6[ @C 492D:?8 EC6?5D C2E96C E92? 4@>A2?J @C :?5FDECJ 7F?52>6?E2=D[ @C C6DA@?5:?8 =2E6 E@ 3:8 >2C<6E >@G6D]k^AmkAm%92EVD ?@ =@?86C E96 42D6] p? 2?2=JD:D @7 H96C6 :?5:G:5F2= :?G6DE@CD AFE E96:C >@?6J =2DE J62C D9@HD E96J @FEA6C7@C>65 EH@ @7 E96 >@DE A@AF=2C[ AC@76DD:@?2==J >2?2865 :?56I 7F?5D[ $!* 2?5 """[ H9@D6 8@2= :D E@ >:CC@C E96 A6C7@C>2?46 @7 E96 $U2>Aj! d__ 2?5 }2D52B `__[ C6DA64E:G6=J]k^Am People are also reading… Report: Iowa native Cyclone Aili Tanke planning on entering transfer portal What Iowa State star Addy Brown said in transfer portal announcement Iowa upsets Florida, advances to first Sweet 16 since 1999 Former reality TV star Jessie Holmes repeats as champion of the grueling Iditarod sled dog race Key moments from Iowa State's win against Tennessee State in NCAA Tournament Cyclones lose to Arizona State, go one-and-done in Big 12 Tournament Newly discovered photos show astronaut Neil Armstrong after the Gemini 8 emergency Otzelberger says ISU's Jefferson, second-team All-American, deserved more 2026 Infinity Insurance Review Iran rejects US ceasefire plan, issues its own demands as strikes land across the Mideast Iowa State's TJ Otzelberger shoots down coaching speculation 3 thoughts from Iowa State's season after loss to Syracuse Iowa State freshman Reese Beaty planning to transfer, per report Inside Nebraska’s 4-on-5 blunder late in Iowa’s Sweet 16 win over Huskers Sweet 16 Rewind: Looking back on Iowa's last Sweet 16 appearance, last win kAm%96D6 :?G6DE@CD[ 2=D@ <?@H? 2D C6E2:= :?G6DE@CD[ 244@F?E65 7@C Sd]c EC:==:@? :? EC25:?8 24E:G:EJ :? a_ad 24C@DD DE@4<D 2?5 6I492?86\EC2565 7F?5D[ @C t%uD[ 244@C5:?8 E@ '2?52[ 2? :?56A6?56?E 52E2 2?5 C6D62C49 7:C>] %92E’D 2 ?62C=J cfT :?4C62D6 7C@> E96 AC6G:@FD J62C 2?5 E96 >@DE 8@:?8 324< E@ 2E =62DE a_`c]k^AmkAm“x A6CD@?2==J H2?E E@ 5:DA6= E96 >JE9 @7 C6E2:= 36:?8 5F>3 >@?6J[ 3642FD6 :E’D ?@E 5F>3 >@?6J 2?J>@C6[” D2:5 y@6 |2KK@=2[ 9625 EC25:?8 2?5 56C:G2E:G6D DEC2E68:DE 2E r92C=6D $49H23[ 2E 2? :?G6DE@C 65F42E:@? 6G6?E 96=5 :? p?296:>[ r2=:7@C?:2[ =2DE }@G6>36C E92E 5C6H 2C@F?5 g__ @7 E96 7:?2?4:2= D6CG:46D 4@>A2?J’D 4=:6?ED]k^Am kAm|2?J p>6C:42?D 92G6 =@?8 :?G6DE65 :? E96 DE@4< >2C<6E[ 2=E9@F89 =2C86=J 92?5D\@77 E9C@F89 >2?2865 7F?5D :? C6E:C6>6?E A=2?D[ DF49 2D 2 c_`W<XD] qFE @G6C E96 A2DE 564256[ E96 25G6?E @7 >@3:=6 EC25:?8 2AAD[ K6C@\4@>>:DD:@? EC25:?8[ DE@4< >2C<6E\7@4FD65 4@>>F?:E:6D @? D@4:2= >65:2 2?5 @?=:?6 E@@=D 7@C 65F42E:@? 2?5 C6D62C49 92D 96=A65 FD96C :? 2 ?6H 6C2 @7 5@\:E\J@FCD6=7 EC25:?8 :? DE@4<D[ 4CJAE@ 2?5 @E96C :?G6DE>6?ED]k^Am kAm%96 r~'xs\`h =@4<5@H?D H6C6 2? :?7=64E:@? A@:?E] p ?6H 4C@A @7 :?G6DE@CD[ >2?J J@F?8 ?6H4@>6CD FD:?8 :?G6DE:?8 2AAD =:<6 #@3:?9@@5[ 96=A65 5C:G6 E96 k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^>65:2\D@4:2=\>65:2\_cb``42af57h2`66_`fgg64ed6__ddb`Qm“>6>6 DE@4<” 7C6?KJk^2m E92E 42E2AF=E65 E96 AC:46 @7 v2>6$E@A[ p|r t?E6CE2:?>6?E 2?5 @E96C DE@4<D]k^Am kAm|6>6 DE@4<D 2D:56[ J62CD @7 >@DE=J F?:?E6CCFAE65[ DEC@?8 DE@4< >2C<6E 82:?D AC@G:565 2? 2EEC24E:G6 324<5C@A 7@C >@C6 A6@A=6 E@ E2<6 FA :?G6DE:?8] %96 36?49>2C< $U2>Aj! d__ 92D A@DE65 2? 2??F2= =@DD @?=J E9C66 E:>6D 8@:?8 324< E@ a_`d]k^AmkAmqJ 62C=J =2DE J62C[ E96 ?F>36C @7 A6@A=6 >@G:?8 >@?6J 7C@> 4964<:?8 244@F?ED E@ :?G6DE>6?E 244@F?ED C624965 :ED 9:896DE =6G6=D D:?46 a_a`[ 244@C5:?8 E@ 2 C6A@CE 3J y!|@C82? r92D6] $@>6 >2J 92G6 366? J@F?86C p>6C:42?D H9@ 4@F=5?VE 277@C5 E@ 3FJ 2 9@FD6 2?5 :?DE625 AFE E96 >@?6J :? DE@4<D[ E96 C6A@CE DF886DED]k^Am kAmp== E@=5[ >@?6J 4@>:?8 :?E@ E96 >2C<6E 7C@> :?5:G:5F2= :?G6DE@CD ;F>A65 23@FE d_T 7C@> a_ab E@ 62C=J a_ad[ 244@C5:?8 E@ E96 C6A@CE]k^AmkAm“x H@F=5 D2J E96J 2C6 4@?D:56C23=J >@C6 :>A@CE2?E 2D 2 7@C46 :? >2C<6ED C:89E ?@H[” D2:5 $E6G6 $@D?:4<[ 49:67 DEC2E68:DE 2E x?E6C24E:G6 qC@<6CD] “|2C<6ED FD65 E@ 36 C62==J 5@>:?2E65 3J :?DE:EFE:@?2= :?G6DE@CD[ 3FE :7 J@F AFE 6?@F89 2?ED E@86E96C[ E96J 42? >@G6 2 G6CJ 3:8 =@8]”k^Am kAmuC2?< $23:2 7C@> t?4:?@[ r2=:7@C?:2[ DE2CE65 5233=:?8 :? :?G6DE:?8 :? a_`g] ~G6C E96 J62CD[ 96VD =6G6=65 FA 9:D >2C<6E 2?5 EC25:?8 <?@H=6586 3J ;@:?:?8 AC:G2E6 :?G6DE@C 492E 8C@FAD @?=:?6 @C 2EE6?5:?8 :?G6DE:?8 D6>:?2CD =:<6 $49H23VD]k^Am kAm“x =62C?65 2 =@E >@C6 23@FE @AE:@?D DEC2E68:6D 2?5 492CE:?8 2?5 6G6CJE9:?8 7C@> E96C6[” 96 D2:5 :? 2? :?E6CG:6H :? }@G6>36C] “}@H x’> :?56A6?56?E] x ;FDE =@@< 7@C >J @H? EC256D] x 92G6 >J @H? DEC2E68J] x 9F?E @? >J @H?]”k^AmkAm$23:2[ 2 9:89 D49@@= C68:DEC2C[ D2:5 96 EC256D :? 4CJAE@4FCC6?4:6D 2?5 @E96C 2DD6ED[ 3FE E92E 9:D “3C625 2?5 3FEE6C” :D @AE:@?D EC25:?8]k^AmkAm%92E :?G@=G6D EC25:?8 4@?EC24ED E@ 3FJ @C D6== 2 DE@4< 2E 2 DA64:7:4 AC:46 367@C6 2 DA64:7:65 52E6] %9:D 42? 36 =6DD 4@DE=J FA7C@?E E92? 3FJ:?8 DE@4<D[ 3FE 42? 2=D@ 36 C:D<:6C[ 3642FD6 @AE:@?D 6IA:C6 2?5 2 D>2== >@G6 :? 2 DE@4<VD AC:46 42? EC2?D=2E6 :?E@ 2 3:8 DH:?8 :? E96 G2=F6 @7 @AE:@?D 4@?EC24ED]k^Am kAm{2DE pAC:=[ $23:2 @A6?65 2 #@E9 x#p 244@F?E 2?5 3@F89E :?E@ E96 >2C<6E 2D DE@4<D E2?<65 27E6C !C6D:56?E s@?2=5 %CF>A 2??@F?465 2 DH66A:?8 D6E @7 E2C:77D E92E H6C6 >@C6 D6G6C6 E92? :?G6DE@CD 6IA64E65] %96 2??@F?46>6?E D6?E E96 $U2>Aj! d__ :?E@ k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^>2C<6E\C2E6D\ECF>A\E2C:77D\5ge53dad4bf_6h52gbc6e573fe6ab3geQm2 EH@\52J E2:=DA:? @7 >@C6 E92? `_Tk^2m[ E96 EJA6 @7 A=F?86 ?@E D66? D:?46 E96 a_a_ r~'xs 4C2D9]k^Am Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio | All Of Our Podcasts kAm“x ;FDE 3@F89E E96 5:A[” $23:2 D2:5]k^AmkAmw6 H2D H2D?VE 2=@?6] #6E2:= :?G6DE@CD D6:K65 @? E96 >2C<6E D<:5[ 3FJ:?8 >@C6 E92? Sd 3:==:@? :? DE@4<D @G6C E96 EH@ 52JD[ 244@C5:?8 E@ '2?52]k^Am kAm“x? pAC:=[ :E H2D C6E2:= W:?G6DE@CDX E92E 3@F89E E96 5:A[” |2KK@=2 D2:5] “%96J H6C6 E96 @?6D E92E H6C6 H:==:?8 E@ DE6A :? 7C@?E] %96J D2H E96 @AA@CEF?:EJ]”k^AmkAm#6E2:= :?G6DE@CD 2=D@ 925 @?6 @7 E96:C 3:886DE 3FJ\E96\5:A 52JD @7 E96 J62C @? ~4E] `_[ H96? E96 >2C<6E 5C@AA65 a]fT 27E6C %CF>A E9C62E6?65 2 “>2DD:G6 :?4C62D6 @? E2C:77D” @? r9:?2]k^AmkAm#6E2:= :?G6DE@CD 92G6?VE D=@H65 5@H? E9:D J62C] %96:C EC25:?8 24E:G:EJ 9:E 2? 2==\E:>6 9:89 @? 2 C@==:?8 >@?E9=J 32D:D =2DE >@?E9[ 244@C5:?8 E@ y]!] |@C82?] %96J H6C6 A2CE:4F=2C=J 24E:G6 :? E96 =2DE H66< @7 y2?F2CJ[ 4@:?4:5:?8 H:E9 E96 $U2>Aj! d__ 4=:>3:?8 E@ 2? 2==\E:>6 9:89]k^Am kAm#6E2:= EC256CD 2=D@ 925 2 92?5 :? k2 9C67lQ9EEADi^^2A?6HD]4@>^2CE:4=6^DE@4<\>2C<6ED\8@=5\ECF>A\62C?:?8D\e_c63ee624d6f223g2_afh_ch`772cdhQmEFC3@492C8:?8 E96 AC:46 @7 D:=G6Ck^2m =2DE >@?E9 E@ C64@C5 9:89D 3J 3FJ:?8 2 C64@C5 2>@F?E @7 D:=G6C t%uD[ 244@C5:?8 E@ 52E2 7C@> '2?52]k^AmkAmp C646?E 2?2=JD:D 3J r92C=6D $49H23 @7 EC25:?8 2?5 DE@4< A@D:E:@?D 3J :ED >:==:@?D @7 C6E2:= :?G6DE@C 4=:6?ED 7@F?5 E96J H6C6 ?6E 3FJ6CD @7 DE@4<D :? y2?F2CJ[ H:E9 |:4C@D@7E[ }6E7=:I 2?5 %6D=2 2>@?8 E96 >@DE A@AF=2C DE@4< 3FJD]k^Am kAm|2?J C6E2:= :?G6DE@CD 92G6 8@?6 36J@?5 DE@4<D @C t%uD 2?5 :?E@ @E96C :?G6DE>6?E G69:4=6D] ~AE:@?D EC25:?8[ H9:49 42? 6IA@D6 E96> E@ 9:896C C:D<[ 244@F?E65 7@C 23@FE Sed_ 3:==:@? @7 C6E2:= :?G6DE@CD’ EC25:?8 =2DE J62C 2?5 92D 366? >@DE=J C:D:?8 DE625:=J 8@:?8 324< E@ 2E =62DE a_`h[ 244@C5:?8 E@ '2?52]k^Am kAm}@29 v@@5H:?[ 2 ;F?:@C :? 9:89 D49@@= :? E96 {]p] DF3FC3 @7 r2DE2:4[ DE2CE65 @AE:@?D EC25:?8 @? #@3:?9@@5 |2C<6ED 62C=J =2DE J62C FD:?8 9:D >@E96C’D 4FDE@5:2= 244@F?E] xE A2:5 @77 C:89E 2H2J]k^AmkAmw6 3@F89E S`cg H@CE9 @7 }G:5:2 @AE:@?D @? y2?] a_[ a_ad[ E96 D2>6 52J D92C6D @7 E96 E649 8:2?E A=F?865 @? ?6HD @7 px 25G2?46D 3J r9:?6D6 DE2CEFA s66A$66<]k^AmkAmv@@5H:? D@=5 9:D @AE:@?D =2E6C E92E 52J]k^AmkAm“x >256 2 Sa__ AC@7:E] |J G6CJ 7:CDE EC256P” v@@5H:? D2:5 :? 2? :?E6CG:6H :? }@G6>36C]k^Am kAm}@E 2== 9:D EC256D 92G6 8@?6 9:D H2J] x? yF=J[ 96 E9@F89E 96 4@F=5 42A:E2=:K6 @? >2C<6E G@=2E:=:EJ 42FD65 3J >@C6 F?46CE2:?EJ @G6C E2C:77D[ 3FE 96 >:D42=4F=2E65]k^Am kAm“x =@DE 2 =@E @7 >@?6J[ =:<6 AC@323=J =:<6 2C@F?5 Se__ E@ Sg__[” 96 D2:5] “$@[ 2 9@CC:3=6 >@?E9 7@C >6]”k^Am 0 Comments Related to this story Discord postpones age verification rollout amid criticism, promises transparency Many users pointed to a recent security breach of a third-party provider that exposed ID photos of up to 70,000 Discord users. Netflix walks away from Warner Bros deal, clearing path for Paramount The announcement came after Paramount, which wants all of Warner's operations, including networks like CNN and Discovery, raised its bid. Trump expects his Fed pick and AI to deliver a replay of the '90s boom. Economists have doubts Trump and his nominee to become Fed chair, Kevin Warsh, say AI could spark a 1990s-style boom. Many economists aren’t convinced. Once a beacon of cheap homes, Nevada became a symbol of America's struggle with high costs Democrats seek to channel electorate frustration over high prices in bid to chip away at Republicans' unified control of Washington. Dow tanks below 50,000 as Trump unveils new 15% global tariff plan Wall Street saw a massive sell-off Monday with the Dow Jones Industrial Average dropping more than 820 points following President Trump's anno… Tariffs paid by midsize US companies tripled last year, a JPMorganChase Institute study shows New research shows midsize U.S. companies pay far more in Trump-era tariffs, and the costs land at home. Even Dollar Tree is going after rich shoppers now Dollar Tree’s 9,000th store opened within a few miles of a Louis Vuitton and a steakhouse selling $525 Wagyu beef. Musk's underground tunnels in Las Vegas face scrutiny over safety, environmental concerns Elon Musk’s “Vegas Loop,” a network of underground tunnels to ferry passengers in Teslas, is under fresh scrutiny from Nevada lawmakers. Hot off the Wire playlist Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio | All Of Our Podcasts Recommended for you Watch Now: Related Video Nopuko Air Coaster at Lost Island Theme Park Concerns raised over Trump’s daily Iran war briefings; Philadelphia DA has warning for ICE agents at airport Concerns raised over Trump’s daily Iran war briefings; Philadelphia DA has warning for ICE agents at airport Inside the world’s busiest airport during DHS shutdown Inside the world’s busiest airport during DHS shutdown DHS funding bill heads to House after late-night Senate approval DHS funding bill heads to House after late-night Senate approval
Discord postpones age verification rollout amid criticism, promises transparency Many users pointed to a recent security breach of a third-party provider that exposed ID photos of up to 70,000 Discord users.
Netflix walks away from Warner Bros deal, clearing path for Paramount The announcement came after Paramount, which wants all of Warner's operations, including networks like CNN and Discovery, raised its bid.
Trump expects his Fed pick and AI to deliver a replay of the '90s boom. Economists have doubts Trump and his nominee to become Fed chair, Kevin Warsh, say AI could spark a 1990s-style boom. Many economists aren’t convinced.
Once a beacon of cheap homes, Nevada became a symbol of America's struggle with high costs Democrats seek to channel electorate frustration over high prices in bid to chip away at Republicans' unified control of Washington.
Dow tanks below 50,000 as Trump unveils new 15% global tariff plan Wall Street saw a massive sell-off Monday with the Dow Jones Industrial Average dropping more than 820 points following President Trump's anno…
Tariffs paid by midsize US companies tripled last year, a JPMorganChase Institute study shows New research shows midsize U.S. companies pay far more in Trump-era tariffs, and the costs land at home.
Even Dollar Tree is going after rich shoppers now Dollar Tree’s 9,000th store opened within a few miles of a Louis Vuitton and a steakhouse selling $525 Wagyu beef.
Musk's underground tunnels in Las Vegas face scrutiny over safety, environmental concerns Elon Musk’s “Vegas Loop,” a network of underground tunnels to ferry passengers in Teslas, is under fresh scrutiny from Nevada lawmakers.
Concerns raised over Trump’s daily Iran war briefings; Philadelphia DA has warning for ICE agents at airport
Concerns raised over Trump’s daily Iran war briefings; Philadelphia DA has warning for ICE agents at airport