Earnings Frenzy | Jobs Week | Stimulus Stalled
Daily Recap
- U.S. equity markets delivered strong gains Monday ahead of a frenzied week of corporate earnings results and employment data while investors await the final details of the stalled stimulus package.
- Following a gain of 1.7% last week, the S&P 500 ETF gained 0.7% today to close at the highest level since February 21st while the Nasdaq closed at fresh record-highs.
- After a strong week ahead of the busiest slate of earnings reports, the Equity REIT ETF finished lower by 1.3% today with 14 of 18 property sectors in negative territory.
- A dozen REITs reported results today including net lease REITs Realty Income and National Retail and shopping center REITs Regency Centers and Brixmor Property.
- Employment data highlights this week's busy economic calendar, headlined by ADP data on Wednesday, jobless claims on Thursday, and the BLS nonfarm payrolls report on Friday.
