Lates News

U.S. banks say investors are selling U.S. stocks at the fastest pace since March. Michael Hartnett's team cited data from EPFR Global in a report stating that in the week ending July 1, outflows from U.S. stock funds reached $17.2 billion. Investors are shifting their focus to some international stocks, with the Japanese stock market seeing the largest inflow in seven weeks, reaching $1.9 billion. Earlier this year, there was strong inflow into the U.S. stock market, but market sentiment is now changing. Last week, U.S. stock funds saw their first redemptions in three months. This week, doubts about the high valuations of artificial intelligence continue to impact chip stocks, with the Philadelphia Semiconductor Index falling 11% in the past two days.