Space Exploration Technologies Corp. Class A Common StockSPCX
Mentioned
Impact on stocks 1
Space Economy
Space Exploration Technologies Corp. Class A Common StockSpace Exploration Technologies Corp. Class A Common StockU.S. equity funds recorded $3.53 billion in outflows in the week to June 24, partly reversing the prior week's $37.63 billion in net purchases, according to LSEG Lipper data. Technology sector funds saw nearly $20 billion in outflows, reversing the previous week's $21.46 billion in inflows, as concerns over stretched valuations and debt-funded spending by major tech companies weighed on sentiment. Financial, industrial and consumer discretionary sector funds also recorded notable weekly outflows of $1.06 billion, $830 million and $733 million, respectively. Inflows into U.S. bond funds slowed to an eight-week low of $7.33 billion, while money market funds recorded net weekly sales of $25.74 billion, their largest outflow since April 15.