Sat, Dec 27, 2025

US stocks drifted lower on Friday in thin post-Christmas trading, the S&P 500 slipping 0.03% on well below the usual volume. The index is on track to end the year up 18%, buoyed by deregulation hopes and enthusiasm for AI. But beneath the surface, investors are voting with their feet: active equity mutual funds saw roughly $1 trillion in outflows, the 11th consecutive year of withdrawals and t ...