Investors Flock to Safer Bets, Pull Back from Stocks

Investors in the U.S. shifted towards safer investments like money market funds, pulling back from stocks in the first week of December. This move was driven by uncertainty and concerns about expensive tech stocks. Despite expectations of interest rate cuts, investors sold off U.S. stock funds, with mid-sized company funds experiencing outflows for seven consecutive weeks. However, sectoral equity funds, particularly those focused on industrial companies and gold, remained popular. Bond funds saw the smallest inflow in a single week since October, indicating a broader shift away from traditional investments as the year ends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.