U.S. stocks see third-largest weekly single-stock outflow since 2008, per BofA
Institutional investors recorded a significant retreat from U.S. equities last week, with $11 billion in single-stock outflows led by technology sector sell-offs. This marked the third-largest such outflow according to Bank of America's historical data since 2008. The selling pressure was concentrated among individual stocks rather than broad market indices and reflected a shift away from tech-heavy positions, which have been dominant this year amid rising interest rates and inflation concerns. The move suggests growing caution among institutional investors as they reassess risk exposure in the current economic climate.
Topics: equity_outflows technology_sector