Go Big | Stocks Rally | Rents Paid

October 9, 2020 | Hoya Capital

Go Big | Stocks Rally | Rents Paid Daily Recap Oct 9 Written By Daily Recap U.S. equity markets finished higher Friday, pushing the major averages to their best week in three months, driven by renewed hope for a compromise on the ever-elusive fiscal stimulus deal. Ending the week with gains of nearly 4%, the S&P 500 finished higher by 0.9% today while the tech-heavy Nasdaq 100 gained 1.4%. The Dow Jones Industrial Average added 161-points.

Finishing the week with more modest gains of around 1.5%, the broad-based Equity REIT ETF (VNQ) finished lower by 0.4% today with 15 of 18 property sectors in negative-territory. Rent Paid. The National Multifamily Housing Council’s Rent Payment Tracker found that rent collection is back in-line with pre-pandemic levels despite the dire forecasts to the contrary. We'll have a full recap of the reasons behind the equity market rally and an analysis of this week's slate of economic data in our Real Estate Weekly Outlook report published Saturday morning.

Real Estate Daily Recap U.S. equity markets finished higher Friday, pushing the major averages to their best week in three months, driven by renewed hope for a compromise on the ever-elusive fiscal stimulus deal. Ending the week with gains of nearly 4%, the S&P 500 ETF ( SPY ) finished higher by 0.9% today while the tech-heavy Nasdaq 100 ( QQQ ) gained 1.4% and the Dow Jones Industrial Average ( DIA ) added 161-points.

Finishing the week with more modest gains of around 1.5%, the broad-based Equity REIT ETF ( VNQ ) finished lower by 0.4% today with 15 of 18 property sectors in negative territory. The Mortgage REIT ETF ( REM ) dipped 1.6% today but ended the week higher by 1.4%. The on-again-off-again status of stimulus negotiations whipsawed equity markets throughout the week, ending on a high-note after President Trump proclaimed that he would like to " Go Big " on a ...