Stocks Slide As Fears Become Contagious [Daily Recap]
U.S. equity markets sold-off on Friday by the most since last October as softer-than-expected economic data and mounting fears over the spread of the coronavirus erased 2020's earlier gains.
The S&P 500 finished lower by 1.8% while the Dow Jones Industrial Average dropped more than 600 points, each ending the week lower by more than 1.5%.
The 10-Year Treasury Yield continued to slide as investors piled into safe-haven assets, declining another 4 basis points to the lowest levels since September at 1.52%.
The broad-based commercial Real Estate ETF (VNQ) outperformed on the day, but still finished lower by 1.2% with all sixteen REIT sectors in negative territory on the day.
Stay tuned for full coverage of this week's economic data in our Real Estate Weekly Outlook report published tomorrow morning.