[U.S. Stock Funds Turned to Net Outflows Last Week, Dragged Down by the Tech Sector] According to a report by Jinse Finance, on June 29, LSEG Lipper data showed that for the week ending June 24, U.S. stock funds saw net outflows of $3.53 billion as investors redeemed their holdings. This was driven by market concerns over the tech sector's reliance on debt-financed spending and expectations of a hawkish stance from the Federal Reserve, which triggered risk-averse sentiment. In the previous week, investors had made net purchases of $37.63 billion in U.S. stock funds. During the week, tech sector funds saw outflows of nearly $20 billion, compared to inflows of $21.46 billion the week before.