US Equity Fund Inflows Surge on AI Tech Stock Rally
Investors poured a net 7.43 billion dollars into U.S. equity funds during the week ending June 3 as strong earnings from tech firms fueled a continued rally in AI stocks. Money market funds also saw significant interest with 111.36 billion dollars in new allocations.
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United States equity funds attracted $7.43 billion in net inflows during the week ending June 3, the largest weekly purchase in three weeks. The S&P 500 reached a record 7,620.9 earlier this week following strong earnings from technology companies. These inflows highlight a continued bull run for AI-linked technology stocks as investors increase exposure to large-cap and small-cap assets.
