Stocks Rebound • REIT Dividend Hikes • Satellite iPhone

September 7, 2022 | Hoya Capital

Stocks Rebound • REIT Dividend Hikes • Satellite iPhone Real Estate Daily Recap Sep 7 Written By U.S. equity markets rebounded Wednesday as interest rates retreated and commodities prices fell sharply following reports of expanded lockdowns in China and deepening struggles in Europe from soaring energy prices. Advancing for just the second session in the past eight, the S&P 500 rallied 1.8% today while the tech-heavy Nasdaq 100 gained 2.0% to snap a skid of eight straight days of declines.

Real estate equities were among the leaders for a second-straight day with the Equity REIT Index advancing by 2.0% today with all 18 property sectors in positive territory while the Mortgage REIT Index rebounded by 1.4%. Another day, another wave of REIT dividend increases. Shopping center REIT Phillips Edison (PECO) hiked its dividend by 4% while Ryman Hospitality (RHP) reinstated its dividend, bringing the full-year total to 103 REIT dividend hikes.

Apple's new iPhone 14 will be capable of using satellites to send emergency messages when out of cellular range, a feature that had been rumored for several years and seen by some as a potential threat to traditional cell tower networks. Real Estate Daily Recap U.S. equity markets rebounded Wednesday as interest rates retreated and commodities prices fell sharply following reports of expanded lockdowns in China and deepening struggles in Europe from soaring energy prices.

Advancing for just the second session in the past eight, the S&P 500 rallied 1.8% today while the tech-heavy Nasdaq 100 gained 2.0% to snap a skid of eight straight days of declines and the Mid-Cap 400 advanced 2.3%. Real estate equities were among the leaders for a second-straight day with the Equity REIT Index advancing by 2.0% today with all 18 property sectors in positive territory while the Mortgage REIT Index rebounded by 1.4%.

Another wave of strict lockdowns in China sent Crude Oil prices tumbling by more than 5% to the lowest ...