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US equity funds record weekly outflows as tech weakness weighs.
stock :: 6hrs 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.
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