Bank of America Corp. clients pulled money from US stocks for the first time in three weeks, paring their exposure in the asset class that continued to hover near a record.
Outflows were on display among all major clients groups — excluding corporates — with $4.6 billion exiting US stocks last week, the bank’s quantitative strategists including Jill Carey Hall wrote in a note to clients on Tuesday. The 500-member index finished the week at 5,634.61, or 0.9% away from an all-time high.
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Publish date : 2024-08-26 13:00:00
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