Aug 21 (Reuters) - U.S. investors were net buyers of equity funds for a second straight week through August 19, supported by a strong earnings season and cooler inflation data, even as a bond-market selloff and rising oil prices weighed on markets.
Investors bought a net $11.72 billion of U.S. equity funds during the week, the largest weekly inflow since July 29, LSEG Lipper data showed.
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Major U.S. indices, the Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite, meanwhile, fell 1.32%, 0.87% and 1.00%, respectively, on Thursday as rising Treasury yields and a rally in crude oil prices dented risk appetite.
U.S. large-cap and multi-cap equity funds drew inflows of $9.58 billion and $1.36 billion, respectively, during the week. Mid-cap and small-cap funds, however, recorded outflows of $809 million and $70 million, respectively.
Meanwhile, investors withdrew a net $3.1 billion from U.S. sectoral funds. They pulled $1.87 billion from financial funds, $623 million from consumer staples funds and $444 million from industrial funds, while investing $287 million in technology funds.
U.S. bond funds attracted net inflows of $9.92 billion during the week, the largest weekly total since July 15.
Investors bought $2.63 billion of general domestic taxable fixed-income funds, $1.93 billion of short-to-intermediate investment-grade funds, and $1.93 billion of short-to-intermediate government and Treasury funds.
Money market funds recorded net outflows of $3.57 billion, ending a two-week streak of inflows.
(Reporting by Gaurav Dogra; editing by Barbara Lewis)