Investors extend largest pullback from U.S. stock funds since 2016

Investors pulled $4.5 billion
out of mutual funds and exchange-traded funds that hold U.S.
stocks last week, extending the longest consecutive pullback
from the domestic stock market since the spring of 2016,
according to data released on Wednesday by the Investment
Company Institute.
The retreat from the U.S. stock market came despite a rally
that has pushed the S&P 500 to record highs on the strength of
corporate earnings and widesprea