US Stock Market: Equity funds see second week of outflows as big tech earnings, oil rally dampen sentiment

US equity funds saw net outflows of $7.34 billion in the week ended July 22, the second straight week of withdrawals, driven by disappointing quarterly results from Alphabet and Tesla that raised concerns over AI investment costs and earnings sustainability. Growth funds bore the brunt with $8.55 billion in outflows, while US bond funds ended a 13-week inflow streak with $2.36 billion pulled out and money market funds lost another $25.17 billion. The risk-off mood in global markets, coupled with an oil rally, is likely to weigh on Indian indices as investor focus shifts to upcoming earnings from Microsoft, Amazon and Meta.