Feb 14, 01:06 PM

U.S. Stocks Face Back-to-Back Weekly Outflows, Tech Sector Sees $4.1 Billion Exit; SPY, TQQQ, IVV Report $2.9B, $2.0B, $0.9B Outflows

Bank of America reported that the U.S. stock market experienced its first consecutive weekly outflows in ten months, with a total outflow of $4.1 billion from U.S. technology stocks, marking the second-largest outflow on record. The largest absolute flows over the past week were observed in several exchange-traded funds (ETFs), including SPDR S&P 500 ETF Trust (SPY) with a $2.9 billion outflow, ProShares Ultra QQQ (TQQQ) with a $2.0 billion outflow, and iShares Core S&P 500 ETF (IVV) with a $0.9 billion outflow. In contrast, Treasury Inflation-Protected Securities (TIPS) experienced their largest weekly inflow in three years, indicating a shift in investor sentiment towards safer assets. Additionally, Bank of America noted the largest inflow to European markets in over two years during this period.

#Bank of America #SPY #ProShares Ultra QQQ #TQQQ #European

Written with ChatGPT (GPT-4o mini).

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U.S. Stocks Face Back-to-Back Weekly Outflows, Tech Sector Sees $4.1 Billion Exit; SPY, TQQQ, IVV Report $2.9B, $2.0B, $0.9B Outflows

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