Act Big • Earning Season Begins • Week Ahead

January 19, 2021 | Hoya Capital

Act Big • Earning Season Begins • Week Ahead Daily Recap Jan 19 Written By Summary U.S. equity markets finished broadly higher Tuesday as corporate earnings season kicked into high-gear while the reigns of political power are officially handed-off to the incoming Biden administration. Following a decline of 1.5% last week, the S&P 500 finished higher by 0.8% today while the Dow Jones Industrial Average gained 116-points and the tech-heavy Nasdaq 100 jumped 1.5%.

After leading to the upside last week, real estate equities were mostly lower today as the Equity REIT ETF finished lower by 0.3% today with 12-of-19 property sectors in negative-territory. Equity markets entered the week on a high note following comments from incoming Treasury Secretary Janet Yellen as the former Fed Chair argued that lawmakers should "act big" on additional fiscal stimulus. The busy week of housing data kicks off tomorrow with Homebuilder Sentiment and continues on Thursday and Friday with Housing Starts, Building Permits, and Existing Home Sales.

Real Estate Daily Recap U.S. equity markets finished broadly higher Tuesday as corporate earnings season kicked into high-gear while the reigns of political power are officially handed-off to the incoming Biden administration. Following a decline of 1.5% last week, the S&P 500 ETF ( SPY ) finished higher by 0.8% today while the Dow Jones Industrial Average ( DIA ) gained 116 points and the tech-heavy Nasdaq 100 ( QQQ ) jumped 1.5%.

After leading to the upside last week, real estate equities were mostly lower today as the broad-based Equity REIT ETF ( VNQ ) finished lower by 0.3% today with 12 of 19 property sectors in negative territory while the Mortgage REIT ETF ( REM ) finished higher by 0.3%. Equity markets began the week on a high note following comments from incoming Treasury Secretary Janet Yellen. The former Fed Chair argued that lawmakers should "act big" on additional fiscal stimulus.

Eight of the eleven ...