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Large-cap long-only funds are the most underweight in financial stocks in nearly a decade as firms trade profits for loan-loss protections, Bank of America said Friday. Hedge funds made similar retreats, reaching record-low positioning in the sector last month and only barely ticking higher through May. Fund concentration in major tech names continued to swell, the firm said. Long-only funds notched another record-overweight positioning...

Popular technology stocks have not been immune to market panic around a potential coronavirus pandemic.  FANG stocks, including Facebook, Amazon, Netflix, and Google parent company Alphabet, shed a combined $177 billion in market capitalization in just two days as coronavirus fears slammed global markets.  Each of the tech giants fell for two days in a row along with the wider market.  Read more on...