Real estate stocks end lower amid higher yields, interest rate concerns
Real estate stocks declined as Wall Street faced pressures from rising Treasury yields and ongoing U.S.-Iran tensions. The S&P 500 Real Estate Index fell 0.73%, with CoStar Group leading losses at -7.30%. Telecom tower REITs also struggled, while Weyerhaeuser gained 6.19% after a positive rating from DA Davidson. Midcap stocks saw Rithm Capital rise 4.22%, and smallcap stocks were led by IRSA Inversiones with an 11.16% increase. Overall, the market reflects concerns over interest rates and economic growth.
