Stock market turbulence continued last week with U.S. equities sliding lower as a back-up in long-term interest rates hit high growth technology stocks and investors continued to assess new developments on financial stress in China as well as the gridlock in Congress.

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Stocks waffled between gains and losses to end a volatile week on Wall Street, as investors expressed worries over China Evergrande issue and a slowing global economy prompted a pullout $28.6 billion from U.S. equity funds over the first three days of the week, the most since February 2018.

U.S. equities slid lower for the second consecutive week following mixed U.S. economic data reports and the ongoing Congressional stand-off regarding the debt ceiling and stimulus negotiations.