U.S. retail investors scooped up stocks during Thursday’s market drop

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Retail investors net bought $2.6 billion worth of stocks and exchange traded funds

on Thursday, according to Vanda Research. It was the highest level of net buys ever recorded by Vanda, whose data goes back to January 2014, the company said.

In January 2021, retail investors piled into so-called meme-stocks, like GameStop Corp and AMC Entertainment in an attempt to punish short sellers, but they have largely shifted their attention to tech stocks and index funds.

 

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