U.S. equity inflows triple week-on-week as Wall Street hovers near record levels

U.S. equity fund inflows sharply accelerated as Wall Street traded near record highs, with Jefferies reporting nearly $18.58 billion of equity inflows this week versus $6.26 billion the prior week. The rebound was driven mainly by renewed demand for S&P 500 exposure, with SPY taking in $12.52 billion after heavy outflows the week before, while QQQ also attracted strong interest with $4.29 billion in inflows. The report suggests investors are still favoring large-cap U.S. equities despite pockets of weakness in technology, especially semiconductors, which saw $1.4 billion of outflows. High-yield fixed income also reversed to net outflows, signaling some caution in credit. Overall, the article points to broad but selective risk appetite, with flows supporting the U.S. equity market even as investors rotate away from momentum and some cyclical areas.