[Bank of America Clients Buy U.S. Stocks for Four Consecutive Weeks, Institutional Investors Record Largest Weekly Net Purchases Since December 2020] BlockBeats News, July 29, according to Bloomberg data, Bank of America clients continued actively buying U.S. stocks last week, extending their consecutive buying streak to four weeks. Institutional investors led this trend, recording the largest weekly net purchase since December 2020, and the second-highest level in Bank of America's records since 2008. Retail investors also continued buying, while hedge funds posted net sales for the third consecutive week. The technology, financial, and industrial sectors attracted the strongest inflows, with the industrial sector seeing record demand after months of outflows. Meanwhile, the communication services, energy, and materials sectors were the weakest-performing areas.