Bank of America data shows record weekly inflows into tech equities amid a broader shift from industrials and sustained market momentum.
US equity investors allocated $2.7 billion to single stocks last week, driving a seventh straight week of net inflows as the S&P 500 reached a record high. The surge was led by technology names, reversing recent trends favoring broader sector exposure.
Prior weeks saw capital rotate into industrials and cyclicals, but sentiment shifted as macroeconomic signals and earnings optimism buoyed risk appetite. The S&P 500’s climb reflects sustained confidence despite mixed economic data.
No immediate market reaction was detailed, though the flow reversal suggests sector-specific positioning ahead of key economic releases.