Real estate stocks stand strong even as broader markets pull back
Real estate stocks outperformed broader markets, with the S&P 500 Real Estate Index rising 2.26% and REIT indices gaining nearly 3%, driven by lower Treasury yields from soft inflation data. While most subsectors gained, data center REITs like Digital Realty and Equinix declined due to regulatory headwinds, including New York's moratorium on large data centers. KE Holdings led large-cap gainers, while Rexford Industrial Realty topped midcap winners.