Fund investors pull back from U.S. stocks as year-end nears

U.S. fund investors started
closing the books on 2019 by withdrawing more than $10.9 billion
from mutual funds and exchange-traded funds that hold domestic
stocks last week, the largest pullback since early October,
according to Investment Company Institute data released on
Wednesday.
The declines marked the 10th out of the last 12 weeks that
investors have retreated from the U.S. stock market despite the
benchmark S&P 500 touching a ser