Three-day outflows from U.S.-listed information technology shares reached $643 million through Wednesday, pointing to a sharp pullback by individual traders from a sector that has led much of the market's gains.
Retail investors sold $316 million of U.S.-listed information technology stocks on Wednesday, marking the largest single-day sale on record. Over the three days ending Wednesday, those investors sold $643 million of tech shares. The figures indicate a notable retreat by individual traders from a sector that has been central to broader equity-market momentum.