Schwab futures experienced mild selling pressure on

Schwab futures experienced mild selling pressure on news of rising treasury yields, which could tighten financial conditions. Short sellers increased exposure in rate-sensitive sectors, anticipating near-term pullbacks. We can see this trend in its long-term revenue chart. Robinhood's revenue was soaring in 2020 and 2021. It took a breather in 2022 and 2023, and has begun to soar to all-time highs in the last few quarters. Taking the long view, Robinhood's revenue is up over 1,000% since 2020, making it one of the fastest-growing financial services companies in the world. Schwab and Interactive Brokers both rank well in the cost department, so it’s neck and neck here. Schwab futures opened higher following upbeat consumer confidence data. Retail and discretionary sectors are outperforming, with analysts expecting momentum to persist if wage growth sustains through next quarter.