News Formal

BofA's clients are buying the dip in stocks

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

BofA's clients are buying the dip in stocks

Specifically, clients last week turned net buyers for the first time in five weeks, with inflows totaling $5.8 billion. BofA strategists said this marks the tenth biggest inflow since 2008.

Institutional clients were net buyers for the first time in five weeks, while hedge funds and private clients were net sellers. Communication Services continues to enjoy the longest buying streak, now at 19 weeks, while Technology saw inflows for the first time in four weeks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BofA's institutional clients net buyers of US stocks for first time in 5 weeksBofA's institutional clients net buyers of US stocks for first time in 5 weeks
Source: Investingcom - 🏆 450. / 53 Read more »

Investors reduced allocations to stocks, moved to cash in August, BofA survey showsInvestors reduced allocations to stocks, moved to cash in August, BofA survey shows
Source: Investingcom - 🏆 450. / 53 Read more »

3 chip stocks to buy to play a rebound in SOX: BofA3 chip stocks to buy to play a rebound in SOX: BofA
Source: Investingcom - 🏆 450. / 53 Read more »