US Stock Market Today: S&P 500 and Dow Drop While NASDAQ Rises as eBay Stock Gains on GameStop Buyout Bid

US equity fund inflows slowed to a six-week low in the week through April 29. LSEG Lipper data showed that investors bought $911 million worth of US equity funds, the smallest weekly net purchase since March 18.

Technology funds still attracted $1.43 billion, extending their run of inflows to four weeks. However, healthcare funds saw outflows of $1.06 billion. US bond funds received $4.87 billion, while money market funds posted a third straight weekly outflow of $13.02 billion.

Meanwhile, the Federal Reserve kept interest rates steady last week. However, three board members voted to remove the central bank’s easing bias, adding uncertainty around the policy path. 

Overall, seasonal trading patterns remained in focus as May starts a weaker six-month stretch for stocks.

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