• Alex Pettee, CFA

Daily Recap: Thawing Tensions Send Stocks & REITs Higher, Tanger In Focus

  • US equity markets rallied to close at fresh record highs today after both the US and Iran indicated that de-escalation was the preferred path forward from this week's hostilities.

  • Equity futures had plunged as much as 1% in after-hours trading yesterday on news of an Iranian attack on a US military base in Iraq, which didn't result in casualties.

  • The S&P 500 gained 0.5% and the Nasdaq climbed by 0.7% while the 10-Year Treasury Yield finished higher by 5 basis points to close at 1.87%. Crude oil plunged nearly 4%.

  • The broad-based Real Estate ETF (VNQ) finished higher by 0.3% with all equity REIT sectors besides prison REITs finishing in positive territory. Tanger Outlets surged by more than 10% absent any apparent catalyst.

  • Lennar's strong earnings results led homebuilders and home improvement retailers to another strong day of gains as the Hoya Capital Housing Index climbed by another 0.5%.

To continue reading, click here to visit Seeking Alpha!

Glass Buildings

Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

apartment REITs
homebuilders ETFs
single family rental REITs
manufactured housing REITs
student housing REITs
data center REITs
Cell tower REITs
net lease REITs
industrial REITs
storage REITs
office REITs
mall REITs
REIT Preferreds and Bonds
hotel REITs
Timber REITs
healthcare REITs
REIT ETFs
Billboard REITs
shopping center REIT
High-Yield Real Estate ETFs
Real Estate CEFs
Casino REITs
cannabis REITs
prison REITs
mortgage REITs
real estate crowdfunding
REIT Portfolio Strategy
REITs Taxes
1/1
HOMZ_Logo_Just Ticker.png
ETF express.png

Explore our Real Estate Indexes

The Easy Way To Invest in Real Estate