income builder 2021 24420.png
income builder trial button.png
RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
  • Alex Pettee, CFA

Jobs Rebound | REITs Lead Week's Rally | Rent Collection Updates

Daily Recap

  • U.S. equity markets gained on Friday, finishing the week sharply higher after a jam-packed slate of employment data painted a generally optimistic picture of the state of the economic recovery.

  • Finishing the week with gains of more than 4%, the S&P 500 finished higher by 0.5% today while the Dow Jones Industrial Average gained 92 points following yesterday's 78-point decline.

  • Ending the week with strong gains of 5.2%, the broad-based Equity REIT ETFs finished off by 0.3% on the day with 12 of 18 property sectors in negative territory.

  • This week's gains were bolstered by an encouraging slate of employment data, capped off by a very strong BLS payrolls report today. The U.S. economy added 4.8 million jobs in May - the single-largest month of job growth ever.

  • This follows ADP data yesterday which showed that 2.3 million jobs were added in June. We'll have a full analysis of this week's economic data in our Real Estate Weekly Outlook published on Saturday morning.

To read the full report, click here to visit Seeking Alpha!

high yield REIT investing hoya capital logo.png