Goldman Sachs data showed funds sharply increased purchases in the week ended July 30, marking their third-largest single-week buying total in at least five years.
Hedge funds stepped back into U.S. technology stocks in size, with Goldman Sachs data showing that purchases during the week ended July 30 reached the highest level since December 2022. The buying was also the third-largest weekly total recorded in at least five years, pointing to a renewed concentration of fund flows into a sector that often attracts capital when investors seek growth and market leadership.