News Formal

Investors pumped $45 billion into stocks as recession fears melt away

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

South Africa News News

Investors pumped $45 billion into stocks last month, the biggest inflow in over a year as recession fears melt away

Investors in June pumped more money into stocks than they have in a single month since March 2022, as fears of a recession fade.

Inflows into stocks rose to $45 billion through the month of June, according to Bank of America. The massive allocation to equities is contrary to patterns seen over the past six months, where investors"While yields are still attractive, recession fears are easing," Bank of America strategists said."The 9% increase in the S&P 500 since April month-end likely attracted the $45bn June inflow into equity funds / ETFs.

Markets have been bracing for a recession for most of the past year amid the Fed's battle to rein in high inflation by raising interest rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Trades mixed as investors digest the dataAsian stock markets trades mixed on Wednesday as investors digest better-than-expected results from Wall Street. The risk appetite improves on the outp
Source: FXStreetNews - 🏆 14. / 72 Read more »

Investors hopes to save Anchor Brewing Company in San FranciscoThere’s a chance Anchor Brewing Company may stay in San Francisco after all.
Source: nbcbayarea - 🏆 596. / 51 Read more »