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U.S stock funds shed $8.8 billion in week as equities skidded -Lipper

The amount invested in U.S. stock funds declined $8.8 billion in the week to Wednesday, according to Lipper, as the S&P 500 fell almost 5% and investors fretted over a surge in global COVID-19 cases and the failure of U.S. politicians to reach a stimulus deal before the Nov. 3 election.

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