Job Growth • Nuclear Fears • Oil's Historic Week

March 4, 2022 | Hoya Capital

Job Growth • Nuclear Fears • Oil's Historic Week Real Estate Daily Recap Mar 4 Written By U.S. equity markets finished lower Friday as turmoil in Ukraine intensified with the Russian seizure of a nuclear powerplant, but stronger-than-expected job growth helped to allay some concerns over potential stagflation. Ending another choppy week with cumulative declines of 2.3%, the S&P 500 slipped 0.7% today while the tech-heavy Nasdaq 100 declined by 1.5%.

WTI Crude Oil surged another 7%. Buoyed by a decline in long-term interest rates, real estate equities were among the outperformers today and on the week. Equity REITs advanced 0.5% today and 1.1% on the week. The U.S. economy added 678k jobs in February - well above expectations of roughly 400k - as the U.S. labor market remains a notable source of strength amid a myriad of concerns over inflation and geopolitics.

ACRES Commercial Realty (ACR) surged nearly 10% today after reporting solid results, noting that it recorded a 5% increase in its Book Value Per Share ("BVPS") in Q4 to $23.87 driven and expanding its share repurchase program. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research.

Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging. If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets finished lower Friday as turmoil in Ukraine intensified with the Russian seizure of a nuclear powerplant, but stronger-than-expected job growth helped to allay some concerns over potential stagflation.

Ending another choppy week with cumulative declines of 2.3%, the S&P 500 slipped 0.7% today while the tech-heavy Nasdaq 100 declined by 1.5%. WTI Crude Oil prices surged another 7% ...