Goldman Sachs: Hedge funds' net sales of U.S. stocks are the largest in seven weeks

Net sales of US stocks by hedge funds reached their highest level in seven weeks, with short selling outpacing long buying, according to Goldman Sachs' report on prime brokerage for the week to March 21. By sector, eight of the 11 US sectors saw net sales, led by industrials, consumer discretionary, information technology, healthcare and real estate. Meanwhile, financials, energy and materials were the only three sectors to see net purchases.