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Lipper: Investors Pour $28 billion In Money-Market Funds As S&P 500 Hit Record High

FYI: U.S.-based money-market funds attracted about $28 billion in the week ended Wednesday, their largest weekly inflow since mid-May, as the S&P 500 Index rose above 3,000 for the first time on Wednesday.

It was money funds’ third consecutive week of cash inflows, with a four-week moving average of $18.8 billion, according to data by Refinitiv’s Lipper.

The move in safe, conservative money-market funds is notable as the S&P 500 Index and the Dow Jones Industrial Average rose above 3,000 and over 27,000 for the first time, respectively, this week.
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