Bank of America: Client selling of US technology stocks last week reached the largest scale since 2008.

Bank of America Securities cited client fund flow data as of the week ending June 5th, stating that with the S&P 500 index recording its largest weekly decline since April 2025, clients of the bank withdrew a record amount from US technology stocks last week. In terms of market capitalization, the outflow from technology stocks during the week reached the highest level since early 2014. The selling volume of individual stocks also hit a historical high. They added, "The outflow of funds was entirely concentrated in large-cap stocks, and clients turned to buying small and medium-cap stocks."