Dow Hits Another Milestone, But Signs of Caution Loom – WSJ

By Corrie Driebusch and Michael Wursthorn Updated Oct. 18, 2017 9:04 p.m. ET

The Dow Jones Industrial Average powered past 23000 on Wednesday, but the latest milestone masks a potentially worrisome trend: investors keep yanking money out of stock funds.

Investors pulled roughly a net $36 billion out of U.S. stock mutual and exchange-traded funds in the third quarter, according to EPFR Global. Overall in 2017, more money has flowed out of such funds than has flowed in, EPFR data show, even as the Dow has climbed to 51 fresh highs this year….

Source: Dow Hits Another Milestone, But Signs of Caution Loom – WSJ

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