A Grand Reopening? Winners And Losers Emerge

April 18, 2020 | Hoya Capital

A Grand Reopening? Winners And Losers Emerge Uncategorized Apr 18 Written By A Grand Reopening? U.S. equity markets finished higher for the second-straight week after another dismal slate of economic data underscored the dire urgency of restarting the now-dormant U.S. economy. 22 million job losses. Initial Jobless Claims data showed that a decade's worth of employment gains have been erased - at least temporarily - in the last four weeks alone.

Successful treatment data and antibody studies showing that COVID-19 may be more widespread - but less deadly - than previously believed have allowed countries and states to begin phased reopenings. Following the best week for the large-cap indexes in decades, the S&P 500 added another 3.0% while the Dow Jones tacked on another 500 points to last week's 2,600-point surge. It was a tough week for real estate equities amid continued uncertainty over rent collection and mortgage forbearance.

Following last week's historic surge, Equity and Mortgage REITs each dipped 4%. To continue reading, click here to visit Seeking Alpha! Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous REITs Lower As Earnings Season Kicks-Off [Daily Recap] Next Next REITs Rebound On Plans To Reopen America [Daily Recap]