Volatility's Back | Tech Trouble | Jobs Return

September 4, 2020 | Hoya Capital

Volatility's Back | Tech Trouble | Jobs Return Daily Recap Sep 4 Written By Daily Recap U.S. equity markets ended lower Friday amid a volatile 48-hour-stretch in the markets as a sharp sell-off in the high-flying technology names continued despite a relatively strong employment report. After dipping 3.4% yesterday and snapping a six-week winning streak, the S&P 500 finished lower by another 0.8% today to end the week lower by 2.3%.

Real estate equities were again among the relative safe-havens today amid the broader sell-off as Equity REITs finished lower by 0.4% today with 9 of 18 property sectors in positive-territory. The BLS reported this morning that the U.S. economy added 1.37 million jobs in August - slightly better than economists' estimates for gains of 1.35 million. Most notably the unemployment rate ticked down to 8.4%. There may some more "low-hanging-fruit" left in the employment rebound as roughly 60% of recent job losers continue to classify themselves as on "temporary layoff." Our Real Estate Daily Recap discusses the notable news and events in the real estate sector over the last trading day and highlights sector-by-sector performance.

We publish this note every afternoon at HoyaCapital.com and occasionally on Seeking Alpha to cover significant news and events. Subscribe to our free mailing list to make sure you never miss the latest developments in the commercial and residential real estate sectors. You can also follow our real-time commentary on Twitter and LinkedIn . U.S. equity markets ended lower Friday amid a volatile 48-hour stretch in the financial markets as a sharp sell-off in the high-flying technology names continued despite a relatively strong employment report.

After dipping 3.4% yesterday and snapping a six-week winning streak, the S&P 500 ETF ( SPY ) finished lower by another 0.8% today to end the week off by 2.3%. Real estate equities were again among the relative safe-havens today amid the broader sell-off as the Equity REIT ETFs ...