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
Housing100logo.png
Learn More About HOMZ
ETF express.png
Search
  • Alex Pettee, CFA
    • Feb 6, 2020
    • 1 min read

Rally Continues Ahead Of Jobs Day [Daily Recap]

  • The rally continued for U.S. equity markets, which climbed for the forth-straight day as fears over the coronavirus outbreak subside ahead of the closely-watched nonfarm payrolls report on Friday.

  • The S&P 500 finished higher by 0.3%, closing at new record highs for the second-straight day, while the Dow Jones Industrial Average added another 88 points after consecutive 400-point gains.

  • The broad-based commercial Real Estate ETF (VNQ) outperformed on a busy day of REIT earnings, gaining 0.4%, led by the manufactured housing, net lease, and storage REIT sectors.

  • Mall REIT Macerich was among today's gainers after reporting less-dire-than-expected results while data center REIT CoreSite was a laggard as 2020 guidance fell short of expectations.

  • Employment data has been quite strong so far this week, but all eyes will be on tomorrow's nonfarm payrolls report. Economists are expecting roughly 160k jobs added with a 3.0% rise in average hourly earnings.

To continue reading, click here to visit Seeking Alpha!

REIT Forum HOYA AD.png