Bank of America's weekly equity flows note showed clients sold $3.5 billion of single stocks last week as the S&P 500 fell 0.5%, a second straight week of selling after record outflows of about $15 billion the prior week. Communication services saw its biggest weekly outflow since becoming a GICS sector in September 2018, following a sharp post-earnings sell-off in Meta Platforms, while industrials recorded their 13th straight week of outflows. Clients bought $2.3 billion of equity ETFs, with tech funds drawing the largest inflows, and institutional clients were buyers after outsized tax-loss selling in October. Corporate buybacks accelerated for a fourth week but stayed slightly below seasonal averages, with rolling 52-week buybacks at their lowest since August 2021. BofA also noted a rotation out of momentum and into value and cash-return strategies as rates ease and AI concerns rise.
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Keywords
METAcapital flowsshare buybacksS&P 500
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/27/2026 | 620.12 |
| Change that session | -1.66% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/27/2026 | 320.57 |
| Change that session | +1.19% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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