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US equity funds record weekly outflows as tech weakness weighs.

stock :: 10hrs ago :: source - reuters

By Reuters

(Reuters) - U.S. equity funds came under selling pressure in the week to June 24, as concerns ​over debt-funded spending in the technology sector and ‌expectations of a hawkish Federal Reserve policy stance sparked risk aversion.

Investors pulled $3.53 billion from U.S. equity funds during ​the week, partly reversing net purchases of $37.63 billion ​in the prior week, LSEG Lipper data ⁠showed.

Story continues on Reuters


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