Tech fund outflows hit US stocks after hours as AI trade momentum cools
U.S. stocks closed a bit down Friday, but the story was in tech funds. Outflows sped up, overshadowing the index’s modest drop. S&P 500 slipped 0.06% to 7,353.21 after the bell, with the Dow Jones Industrial Average edging down 0.09% to 51,873.95. Nasdaq Composite fell 0.24% to 25,297.62. Nasdaq 100 dropped 1.09%, a bigger decline than the broader Nasdaq. Russell 2000 gave up 0.42%.