Crypto Maina • Bank Earnings • mREIT M&A

April 14, 2021 | Hoya Capital

Crypto Maina • Bank Earnings • mREIT M&A Daily Recap Apr 14 Written By Summary U.S. equity markets were mixed Wednesday as corporate earnings season kicked off with strong reports from several banks while investor attention was focused on the listing of cryptocurrency exchange Coinbase. Retreating from fresh record-highs yesterday, the S&P 500 finished lower by 0.3% on the day, but the Mid-Cap and Small-Cap 600 indexes gained 0.6% and 1.0%, respectively.

Real estate equities finished mostly lower today as the broad-based Equity REIT Index declined by 0.5% with 15-of-19 property sectors in negative territory. Following the slowest week for trading volume this year, the start of corporate earnings season, the busy slate of economic data, and IPO activity have revived volumes this week. Mortgage REIT New Residential (NRZ) announced that it will acquire Caliber Home Loans for $1.675 billion in a deal that is expected to boost the company's origination platform and retail footprint.

Real Estate Daily Recap U.S. equity markets were mixed Wednesday as corporate earnings season kicked off with strong reports from several banks while investor attention was focused on the historic direct listing of cryptocurrency exchange Coinbase. Retreating from fresh record-highs yesterday, the S&P 500 ETF ( SPY ) finished lower by 0.3% on the day, but the Mid-Cap 400 ( MDY ) and Small-Cap 600 ( SLY ) indexes gained 0.6% and 1.0%, respectively.

Real estate equities finished mostly lower today as the broad-based Equity REIT ETFs ( VNQ ) declined by 0.5% with 15-of-19 property sectors in negative territory while the Mortgage REIT ETFs ( REM ) finished lower by 0.2%. Following the slowest week for trading volume this year, the start of corporate earnings season, the busy slate of economic data, and IPO activity have revived volumes this week. The direct listing of cryptocurrency platform Coinbase's ( COIN ) appears likely to go down as the most actively traded first day ever and ...