Bank of America customers sold U.S. stocks for the second consecutive week, the largest since November 2020
2024-09-04 17:45:13
Bank of America clients sold U.S. stocks for a second straight week, the largest since late 2020 and the company's second-largest net sale since data began in 2008, as uncertainty over the economic outlook intensified. Institutional, hedge fund and retail clients all reduced their holdings in U.S. stocks for the week ended Aug. 30, selling a net $8 billion, quantitative strategist Jill Carey Hall and others said in a report Wednesday. ETFs recorded outflows for the first time since June. In terms of sectors, technology stocks led the outflow, setting the largest outflow since May; energy stocks recorded the longest losing streak in the past six weeks; industrials recorded outflows in seven of the past eight weeks; only the communications services sector recorded inflows, and it was the longest continuous inflow of all S & P 500 sectors in 22 weeks.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美国银行客户连续第二周净卖出美股，规模为2020年11月以来最大Next article：
Base协议负责人：未来链上钱包需具有通用、非托管、智能开源等功能
