Stock Market Funds Rebound In August And Snub Bonds

U.S. stock market funds defied the normal late-summer doldrums in August, shrugging off rising bond yields and finishing the month higher. The average U.S. diversified equity fund rose 2% in August, clawing back nearly all its July losses, according to Lipper Refinitiv data. For the year, U.S. stock funds are up 12.1% through August, trailing the 12.9% gain for S&P…