Bank of America Clients Net Sell $18.5 Billion in U.S. Stocks Over Two Weeks

Clients net sold $18.5 billion in U.S. stocks over two weeks, as individual investors led the latest week’s selling and communication services posted its largest weekly outflow since tracking began in 2018.

Clients net sold $15 billion in the prior week and $3.5 billion in the latest week. Meta was among the companies affected by the communication services outflow, while industrials recorded a 13th consecutive week of outflows.