US equity funds see first weekly outflow in six weeks

(Reuters) -U.S. equity funds witnessed their first weekly outflow in six weeks in the ​week through November 26, as concerns over lofty tech ‌valuations prompted investors to take profits and overshadowed optimism about a possible Federal Reserve ‌rate cut next month. They divested a net $4.56 billion worth of U.S. equity funds in their first weekly net sales since October 15, LSEG Lipper data showed. The S&P 500 ⁠has risen more than ‌3% so far this week on expectations of a Federal Reserve rate cut next ...