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U.S. stocks recorded a record-breaking weekly capital inflow
BlockBeats News, June 19 — A U.S. bank strategist said last week that the U.S. stock market attracted a record-breaking inflow of funds, with investors flocking into the technology sector.
Led by Michael Hartnett, the team cited data from EPFR Global in the report, noting that in the week ending June 17, a record $119.2 billion flowed into U.S. equity funds.
They stated that, on an annualized basis, U.S. equity funds are expected to attract a record $739 billion in funds by 2026.