- Fund investors were net redeemers of money market funds (-$20.6 billion), taxable bond funds (-$4.4 billion), equity funds (-$3.2 billion), and tax-exempt fixed income funds (-$2.7 billion) for the week.
- On Wednesday, May 18, the Dow Jones Industrial Average and the S&P 500 indices posted their worst one-day returns since June 2020.
- The Dow booked its worst one-day loss in almost two years, declining 1,164.52 points, or 3.6%, on Wednesday, May 18, after Target Corporation reported earnings that significantly missed analyst expectations.
For further details see:
Investors Turn To Treasury And Large-Cap ETFs For The Lipper Fund-Flows Week While Shunning Conventional Funds