Daily Recap: Real Estate And Stocks Keep Rolling
The positive momentum continued for US equity markets following the passage of USMCA through the Senate, sending the major indexes to fresh record highs.
The S&P 500 gained 0.8% and the small-cap Russell 2000 gained 1.3% while the 10-Year Treasury Yield finished higher by 2 basis points to close at 1.81%.
After leading yesterday's gains, the broad-based Real Estate ETF kept pace with the market today, gaining another 0.7% with all major sectors finishing in the green, led by Billboard REITs.
The US housing market continues to build strength, according to today's better-than-expected Homebuilder Sentiment data, sending the Hoya Capital Housing Index to fresh record-highs.
It was a strong holiday season for retailers. Total retail sales rose for the third straight month and were higher by a strong 5.8% on a year-over-year basis. Brick and mortar sales, however, rose just 2.1% for the full-year.