Equity Funds Log $7.43B Inflow as Dell Earnings Propel Tech Rally
DELL•U.S. equity funds recorded a net $7.43 billion inflow in the week to June 3, with $6.62 billion targeting technology sector funds as the S&P 500 reached a record 7,620.9 following strong Dell earnings. Bond funds drew $9.66 billion and money market funds captured $111.36 billion.
1. Weekly Equity Fund Inflows
U.S. equity funds posted net purchases of $7.43 billion in the week to June 3, marking the largest weekly inflow since May 13. Large-cap funds drew $3.4 billion and small-cap funds $3.23 billion, while mid-cap funds saw $1.04 billion of outflows. The technology sector led with $6.62 billion in new money, followed by $545 million in industrial funds and $539 million in metals and mining.
2. Bond and Money Market Purchases
Bond funds attracted $9.66 billion, extending a seven-week inflow streak. General domestic taxable fixed income funds saw $4.7 billion of net purchases, and short-to-intermediate investment-grade funds added $3.84 billion. Meanwhile, money market funds captured $111.36 billion, the largest weekly inflow since early May 6.
3. Dell Earnings and Market Impact
Dell reported solid quarterly earnings last week, reinforcing demand for AI-linked technology infrastructure. Those results helped drive investor sentiment and contributed to the S&P 500’s rise to a record high of 7,620.9.
