U.S. stock funds post longest run on assets since 2016

Investors pulled nearly $3.5
billion out of mutual funds and exchange-traded funds that hold
U.S. stocks last week, extending the longest retreat from the
U.S. stock market since a nine-week losing streak that ended in
March of 2016, Investment Company Institute data released on
Wednesday showed.
Last week’s losses marked the eighth straight week in which
investors have withdrawn assets from domestic equity funds.
Rising concerns about th