US equity funds draw big inflows on bank earnings, rate cut hopes

Oct 18 - U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate cut in November and signs of cooling inflation.

Strong earnings reports from mega-cap banks including Morgan Stanley , opens new tab, JP Morgan Chase , opens new tab and Goldman Sachs , opens new tab boosted investor sentiment, driving Wall Street's major indexes to records this week. By segment, investors racked up a net $15.25 billion of large-cap funds, a sharp rebound from $4.25 billion in net sales during the previous week. Mid-cap, multi-cap, and small-cap funds witnessed $1.49 billion, $617 million and $473 million worth of inflows.Investors scooped up U.S. general domestic taxable, short-to-intermediate investment-grade, and municipal debt funds worth a remarkable $2.12 billion, $2.04 billion and $1.72 billion, respectively.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Kitco NEWS: Jim Wyckoff - Experienced Market Analyst Joins the TeamKitco NEWS welcomes seasoned market analyst Jim Wyckoff to its team. With over 25 years of experience in the stock, financial, and commodity markets, Wyckoff brings a wealth of knowledge and insights to Kitco's readers.
Bron: KitcoNewsNOW - 🏆 13. / 78 Lees verder »

Kitco News: Your Source for Accurate and Objective Market ReportingKitco NEWS provides in-depth reporting, daily market roundups, interviews with industry figures, and analyses of market-affecting developments on the economy, stock markets, commodities, cryptocurrencies, mining, and metals.
Bron: KitcoNewsNOW - 🏆 13. / 78 Lees verder »