Bank of America Clients Become Net Sellers for Fourth Consecutive Week, Offload Tech and Financials

According to Bank of America Securities strategist Jill Carey Hall, the bank's clients became net sellers for the fourth consecutive week in the U.S. stock market as of the week ending June 26, offloading technology and financial sector stocks. Clients sold stocks across 9 out of 11 S&P 500 sectors last week, with technology and financials hit the hardest. Hall noted that four-week average net inflows to the technology sector have declined to historic lows.
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