Retail Traders Look Past War Angst and Race Back Into Stocks

The war in Iran that triggered a record oil spike and sent financial assets around the globe careening seems like a distant memory to investors — even before it’s over.

Stock market indexes are back at all-time highs. Big Tech is in the driver’s seat again. A former sneaker company’s foray into artificial intelligence yielded a 582% gain in a single day. And perhaps most importantly, retail traders are diving back into the action, as shares favored by mom-and-pop investors are on track for their best month relative to those preferred by mutual funds since November 2020.