Retail and Hospitality REITs Are Getting Crushed Today
Stocks are in a rout on June 11. At 1:00 p.m. EDT, the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) is down a massive 4.6%. This marks one of the worst days for stocks in decades, even against the backdrop of a 2020 that's seen some of the most volatile trading sessions in history.
Real estate stocks, typically viewed as one of the safer sectors for investors, are getting pummeled. The SPDR Dow Jones REIT ETF (NYSEMKT: RWR) is down 6% at this writing. Real estate investment trusts (REITs) that focus on hospitality and retail properties in particular are getting crushed.
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Source Fool.com
