Woofun AI data shows that US equity funds recorded an $8.5 billion outflow for the week ending June 24, marking the first such withdrawal in three months. Technology sector funds drove the decline with a record $9.3 billion in redemptions, coinciding with a sell-off in large-cap tech stocks and a drop in the S&P 500 from its all-time high.

Additionally, equity funds saw $5 billion in total redemptions, while money market funds experienced a $25.5 billion outflow.