Bank of America's institutional clients poured into the US stock market for the second week in a row. Among them, technology stocks and social media concept stocks added the largest positions. Related stocks and ETFs received 1.3 billion US dollars in capital inflows last week.

Last week, these customers bought stocks in 7 of the 11 sectors of the S&P 500 index. Among them, information technology and communication services received the largest inflow of capital for the second week in a row, and communication services continued to be the longest continuous buying period in each S&P sector.

Utilities stocks have performed strongly in recent weeks, showing an upward trend. Year-to-date, the sector has achieved cumulative capital inflows for the first time since 2020.

Over the past seven weeks, Bank of America's customers have been net sellers of healthcare stocks. This is the longest sell-off in the 11 sectors. Looking at last week alone, the financial sector saw the biggest outflow of capital.

ETFs also saw a general inflow of capital last week. Among them, healthcare received the largest inflow of capital, while financial ETFs had the largest outflow of capital for the second week in a row.

Last week, the repurchase volume of Bank of America's customers was the third highest in the bank's weekly data since data was recorded in 2010. Of the buybacks announced by S&P 500 this year, 65% came from the technology and communications services industry.

As of the end of last week, important indices such as the NASDAQ 100 and the S&P 500 have been rising for two weeks, and have also recorded positive returns so far this week.