U.S. stock funds recorded $8.5 billion in outflows in the week ending June 24, marking the first weekly withdrawal in three months, Bank of America said in a report citing EPFR Global data.
According to ChainCatcher, the report said technology-sector funds led the declines, posting a record $9.3 billion outflow.
Bank of America added that Wall Street was shaken by selling in large-cap technology stocks, and noted the S&P 500 has pulled back from its record high.
The report also said overall equity fund redemptions totaled $5.0 billion during the week, while money market funds saw $25.5 billion in outflows.
Bank of America: U.S. Equity Funds See $8.5 Billion Outflow in Week Ending June 24
2026-06-26 09:04:36
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