US equity funds attract inflows, defying a tech selloff

Quick Summary:

U.S.investors continued to pump money into equity funds in the seven days to July 24, shrugging off a technology sector selloff to focus on robust corporate earnings and the possibility of upcoming Federal Reserve interest rate cuts.

According to LSEG data, investors acquired U.S.

Of the 201 S&P 500 companies that have reported earnings so far, 79 per cent beat the consensus net income estimates, LSEG data showed.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Funds Billion Investors Week Worth Inflows Earnings Technology Million Purchases Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 21:26:55 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21785023

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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