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BofA sees largest weekly outflow in Tech since 08 (XLK:NYSEARCA)

Money out typically refers to the total amount of money that has been spent or paid out from a particular source or account over a specified period of time.

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BofA Securities’ team saw the biggest net selling of single technology stocks since 2008, and overall equities selling for the first time in eight weeks, as the S&P 500 (SP500) struggles to recover from its recent downturns.

Net sales were $5.8B, the

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