U.S. stocks closed higher Friday, with technology shares like Micron and Nvidia leading the rebound after a rocky week. This surge offset declines in consumer stocks such as Nike, which experienced a significant drop. The market also saw optimism around potential Federal Reserve interest rate cuts and the traditional “Santa Claus rally.”
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline