Charles Schwab to offer investors fractional trades of S&P 500 companies including Amazon and Apple

https://www.cnbc.com/2020/05/07/schwab-to-offer-fractal-trades-of-sp-500-companies-like-amazon-apple.html

Called Schwab Stock Slices, investors will be able to trade fractional shares of any S&P 500 company starting at $5 each.

But using the new online tool, investors can buy up to 10 different stock “slices” in a single order. Each stock will cost the same amount of money regardless of its share price. Each slice counts as a separate investment and can be sold individually.