U.S. technology funds recorded a $6 billion inflow last week, marking the largest inflow in nearly two months.
BlockBeats News, February 10, according to The Kobeissi Letter citing BofA Research data, U.S. technology funds recorded an inflow of $6 billion last week, marking the largest inflow in eight weeks.
Data shows that last week, a total of $34.6 billion flowed into the stock market, $87.2 billion flowed into cash, and $23 billion flowed into bonds. Meanwhile, over the past two weeks, investors withdrew $1.2 billion from the utilities sector, the largest two-week outflow since November 2024.
The above capital flows indicate that investors are rapidly increasing their holdings in technology stocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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