U.S. hedge funds sold tech hardware stocks for a fourth consecutive week, according to a Goldman Sachs client note, coinciding with a decline in global chip shares ahead of earnings reports. The SOX semiconductor index fell 4.2% in the week to July 3. Information technology stocks, including semiconductors and hardware, were the most net sold U.S. sector for the fourth straight week, with hedge funds net selling single stocks for the third week in a row. They also sold industrial and consumer discretionary shares, while buying index and ETF products, commercial services, consumer staples, real estate, and energy stocks.