BOFA BULL & BEAR INDICATOR FALLS TO 3.7 FROM 4.7

Dow Jones Industrial Average -0.51%
S&P 500 index -1.07%
NASDAQ -1.69%

Dow Jones Industrial Average

DJI

48458.05

-0.51%

S&P 500 index

SPX

6827.41

-1.07%

NASDAQ

IXIC

23195.17

-1.69%

- Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday.

They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold $0.4 billion of gold, Bank of America said, citing data from EPFR.

Crypto got a $3 billion injection, and clocked its largest four-week inflow ever, at $11 billion.

Buying of U.S. equities continued for the ninth consecutive week, with inflows into small caps specifically ballooning to a record high, the bank said.


(Reporting by Lucy Raitano; Editing by Amanda Cooper)

((Lucy.Raitano@thomsonreuters.com;))

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via