FILE PHOTO: People walk outside the New York Stock Exchange in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo
LONDON (Reuters) - Global hedge funds last week sold tech stocks for a third week running as managers chased falls in the S&P 500 index and cut exposure to big tech stocks, a Goldman Sachs note said.
U.S. tech stocks were the most net sold sector in the week to Jan. 6 with hedge funds shedding these stocks at the highest level in 11 weeks, the Goldman note to clients on Friday said.
