Market News / Story
U.S. stocks see 3rd-largest weekly single-stock outflow since 2008: BofA
Seeking Alpha ·
Seeking Alpha reports: Institutional investors logged massive single-stock outflows last week, dumping $11B in U.S. equities in a tech-heavy retreat that marked the third-largest single-stock outflow in Bank of America’s data history. Selling across the market was overwhelmingly led by technology shares, which recorded their fourth-largest weekly outflow since 2008 as four-week average tech flows turned negative for the first time since July, strategist Jill Carey Hall wrote in a recent…