As trading opens on another nervous week on Wall Street, mainstream investors are casting their votes on prospects by racing out of mutual funds that invest in stocks long-term.

In the week heading into the four straight days of 400-point movements in the Dow Jones Industrial Average that was sparked by the first-ever downgrade of U.S. debt, investors pulled $10.4 billion out of domestic equity funds, according to the Investment Company Institute. Worldwide, $13.0 billion was pulled out of equity funds.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access