US equity funds saw strong investor demand for the second consecutive week encouraged by strong earnings and easing inflation, as investors poured in a net $11.72 billion till August 19, marking the largest weekly inflow since July 29. The buying came despite pressure from rising bond selloff and higher oil prices as a result of a delay in deal over the Iran war during the week, Reuters reported.
Anthropic's strong revenue growth forecastearlier this week reinforced fund investors’ optimism over a solid earnings season. About 85% of the 468 S&P 500 companies that have reported results surpassed average analyst expectations, as per LSEG data that Reuters reported.
