BofA says 'appalling' mood Fuels $110 B US stocks exodus

Investors are rushing out of US equities as the likelihood of an economic downturn increases amid a myriad of risks, according to Bank of America Corp. strategists. The nation's stock funds had outflows of $10.9 billion in the week to September 7, according to EPFR Global data cited by the bank.

The biggest exodus in 11 weeks was led by technology stocks, which saw withdrawals of $1.8 billion. Global equity funds had outflows of $14.5 billion, while $6.1 billion was poured into government and Treasury bonds, the data show.