Real Estate Stocks Rally on Softer CPI — REIT ETFs XLRE, VNQ Face Fed Minutes Next

U.S. real estate stocks are picking up momentum this week, bolstered by Friday’s drop in rates. REIT-focused ETFs rallied as the latest inflation numbers came in soft: The Real Estate Select Sector SPDR Fund finished 1.46% higher at $43.50, and the Vanguard Real Estate ETF closed up 1.43% at $94.59.

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.