Investors Pull out of U.S. Equities for Second Straight Week, BofA Says -- Market Talk

1430 GMT - Investors were net sellers of U.S. equities for the second week running last week, with the communication services sector leading the outflows, according to Bank of America analysis. Clients of the bank pulled $3.5 billion from U.S. equities, continuing selling momentum after outflows of $15 billion the prior week. Retail investors drove the selling, Bank of America analysts Jill Carey Hall and Trey Brown say. The communication services sector, which includes telecoms companies and media stocks including Meta, saw its biggest weekly outflow since records began in 2018, they say. Industrial stocks saw the next largest outflows--the 13th straight week of outflows for the sector.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

October 28, 2026 10:30 ET (14:30 GMT)