Realty Income Stock Climbs Even as Wall Street Drops; 72-Hour Stretch Ahead for Rally Test
Realty Income jumped 1.82% to $60.84 Friday on heavy volume, defying a sharp market selloff and rising Treasury yields after strong jobs data, as investors weighed its 5.3% dividend yield and rising cash flow against the risk that higher rates could pressure dividend stocks and raise borrowing costs ahead of key inflation data and a Fed meeting next week.