U.S. Stock Funds Record $8.5B Outflows, First Decline in Three Months as Tech Sector Retreats

According to Bank of America data released by Jin10 on June 26, U.S. stock funds recorded outflows of $8.5 billion for the week ending June 24, marking the first capital withdrawal in three months. Technology sector funds led the decline with record outflows of $9.3 billion, a sharp reversal from the prior week when tech funds attracted $19.2 billion in inflows—a historical high.

Beyond equities, Money Market Funds saw outflows of $25.5 billion, while Fixed Income Funds attracted $16.6 billion. The S&P 500 has pulled back from recent record highs, and European funds continued their losing streak with outflows for an 11th consecutive week.