Investors Retreat From U.S. Stock Funds Amid Impeachment Inquiry

www.oann.com | 10/2/2019 | Staff
bungienet (Posted by) Level 3
NEW YORK (Reuters) – Investors pulled nearly $14 billion out of mutual fund and exchange-traded funds that hold U.S. stocks last week, ending what had been the largest surge into domestic stock funds since December 2016, according to data released Wednesday by the Investment Company Institute.

The retreat from U.S. stocks came during a week in which Democratic lawmakers moved to launch formal impeachment proceedings that could end with a vote to remove President Donald Trump from office and the White House released a summary of a telephone call between Trump and Ukraine’s president that is at the center of...
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