U.S. equity funds post biggest weekly outflow since March ahead of Nvidia earnings, Fed event

Investors pulled a net $24.73 billion from U.S. large-cap equity funds, marking their biggest weekly net sales in five months. However, they added $2.24 billion to mid-cap funds and $794 million to small-cap funds.

U.S. sectoral funds attracted about $505 million in net inflows. Technology funds led the gains, drawing $1.81 billion, while financial-sector funds recorded net sales of $1.42 billion.

U.S. bond funds remained popular for a 19th consecutive week, attracting net inflows of $7.12 billion.

Investors bought $3.3 billion worth of short-to-intermediate government and Treasury funds, their largest net purchase since July 8. Municipal debt funds and short-to-intermediate investment-grade funds also recorded notable inflows of $1.44 billion and $784 million, respectively.

Money market funds, meanwhile, posted a second consecutive weekly outflow, totaling $8.58 billion.

Nvidia (NVDA.O) on Wednesday projected a 70% rise in revenue for the next fiscal year, easing investor concerns about AI demand despite persistent supply constraints.