U.S. Investors Are Headed for the Exits Despite an October Rally
- Index ETF sees $1.5 billion in outflow, first drop since June
- S&P 500 caps third weekly gain after entering correction
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Stock investors picked the wrong month to turn against the market.
Halfway through October, U.S. equities are on track for the best performance in four years, as the Standard & Poor’s 500 Index capped a third weekly advance. The gauge is rebounding from only its third correction in the 6 1/2 year bull market on speculation that central-bank stimulus will continue to underpin equity gains as economic growth strengthens.