Investors extend longest retreat from U.S. stock funds since 2016

Investors pulled nearly $12.6
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 2016, according to data released
Wednesday by the Investment Company Institute.
The outflows came during a week in which fears of the
coronavirus outbreak in China led to the biggest declines in
benchmark equity indexes in four months despite stronger than
expect