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That is the highest level since Jan. 18 when net purchases exceeded $1.6 billion in stocks, according to Vanda, and indicates that retail traders continue to buy on market dips.
Top five net buys on Monday were the S&P 500 ETF Trust ETF, Investec QQQ Trust Series 1, Microsoft (NASDAQ:MSFT), and ProShares UltraPro Short QQQ ETF, it said.