BofA: Clients dumped US tech stocks last week at the fastest pace since 2008
Clients of Bank of America Securities significantly reduced their holdings in U.S. technology stocks, with outflows reaching a record high for the week ending June 5th. This move coincided with the S&P 500 experiencing its largest weekly decline since April 2025. The scale of these tech stock divestments was the largest observed since early 2014 when measured by market capitalization share. AI