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U.S. stock market posts first net capital outflow since March, tech fund outflow reaches record.

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Jinse Finance reports that on June 26, investors withdrew funds from U.S. stocks for the first time in three months, with technology funds experiencing record outflows, indicating that the artificial intelligence trade is cooling. Citing EPFR Global data, Bank of America said in a report that U.S. equity funds saw $8.5 billion in outflows in the week ending June 24. Among them, technology funds led the outflow trend, recording a record $9.3 billion in outflows. This trend reversed the previous week. A team led by Bank of America's Michael Hartnett wrote in a report that the prior week, technology funds had attracted a record $19.2 billion in inflows. (Bloomberg)
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