[Bank of America: Investors Withdraw from US Stocks for Second Consecutive Week, Net Outflow of $3.5 Billion Last Week] According to Jinse Finance, on October 28th, Bank of America analysis showed that its clients were net sellers of US stocks for the second consecutive week, withdrawing $3.5 billion from the market in a single week. This follows a $15 billion outflow the previous week, indicating a continuation of the selling trend. Bank of America analysts Jill Carey Hall and Trey Brown stated that retail investors were the main driving force behind this sell-off. The communications services sector, which includes telecommunications companies as well as media and technology companies such as Meta, saw its largest weekly outflow since records began in 2018; industrial stocks were the second largest sector in terms of outflow, marking their 13th consecutive week of net outflows.