American stock funds see largest weekly inflows in three weeks
A recent report indicates that U.S. equity funds attracted around $25 billion in the week ending July 8, marking the largest weekly inflow in three weeks, supported by strong earnings expectations for the technology sector and reduced concerns about interest rate hikes in the United States. Technology funds alone received $9.7 billion, while bond funds saw an inflow of $16.8 billion, the largest since 2019.
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