Dividend Hikes | Elusive Stimulus | Jobs Recovery Moderates

December 4, 2020 | Hoya Capital

Dividend Hikes | Elusive Stimulus | Jobs Recovery Moderates Daily Recap Dec 4 Written By Summary U.S. equity markets rallied Friday, closing the week at fresh record-highs as investors wager that lukewarm employment data may be enough to break the stalemate on stalled fiscal stimulus negotiations. Ending the week with gains of 1.7%, the S&P 500 finished higher by 0.9% today while the Dow Jones Industrial Average advanced 249-points and the Nasdaq 100 gained 0.4%.

Real estate equities delivered a solid end to a week of outperformance as the broad-based Equity REIT ETF gained by 0.9% today with 15 of the 18 property sectors in positive-territory. The U.S. economy added 245k jobs in November - slightly below economists' estimates for gains of 460k as the employment rebound has cooled following the initial sharp reopening recovery. We saw an additional five equity REITs boost their dividend this week including announcements this morning from SL Green (SLG) and American Tower (AMT). 46 equity REITs have now raised dividends in 2020 compared to 66 that have reduced or suspended payouts.

Real Estate Daily Recap U.S. equity markets rallied Friday, closing the week at fresh record-highs as investors wager that lukewarm employment data may be enough to finally break the stalemate on stalled fiscal stimulus negotiations. Ending the week with gains of 1.7%, the S&P 500 ETF ( SPY ) finished higher by 0.9% today while the Dow Jones Industrial Average ( DIA ) advanced 249-points and the Nasdaq 100 ( QQQ ) gained 0.4%.

Real estate equities delivered a solid end to a week of outperformance as the broad-based Equity REIT ETF ( VNQ ) gained by 0.9% today with 15 of the 18 property sectors in positive territory. The Mortgage REIT ETF ( REM ), meanwhile, gained 2.0% on the day. Encouraging vaccine news and stimulus hopes combined push the 10-Year Treasury Yield ( IEF ) to 0.97% - the highest close ...