- Realty Income was the biggest decliner yesterday after giving up 4.8% As things stand, Rexford Industrial (down 4.5%) and Sun Communities (down 4.08%) are underperforming today
- Asia-Pacific markets are in session with varied performances.
Yesterday's market activity meant that leading equity indices in the US declined as Dow Jones closed at 33,849, a 1.45% change. S&P 500 shed 1.54% and closed at 3,964.
Trading in the US will continue today in around 13 hours time, meanwhile Asia-Pacific markets are currently mixed so far this session. European markets were down yesterday as DAX slides down to 14,383 (down 1.09%).
While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 19:30 UTC with a figure of 252,500, while the previous figure was 278,300. United States CFTC Gold speculative net positions released yesterday at 19:30 UTC with a figure of 116,100, while the previous figure was 126,300. United States CFTC Nasdaq 100 speculative net positions released yesterday at 19:30 UTC with a figure of 3,000, while the previous figure was -5,300.
Moreover, United States Pending Home Sales is projected to outperform its last figure with -5%, having previously been at -10.2%. The figure will be published tomorrow at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.49 million. It previously stood at -3.69 million; data will be released tomorrow at 15:30 UTC.
Furthermore, United States Core PCE Price Index (MoM) (Oct) will be released Thursday.
Yesterday's bearishness meant that Realty Income lost 4.8% yesterday before closing at $61.74. As things stand, Rexford Industrial (down 4.5%), Sun Communities (down 4.08%) are also underperforming today.
Rexford Industrial suffers weak session with 4.5% loss; downside halted at $53.23
The Californian REIT plunged into the red after losing 4.5%, declining to $53.28. The company's market cap is $9.78 billion with an average daily volume of 1.74 million shares.
Bearish Realty Income declines $3.11 (4.8%)
Yesterday's session continued down the same path: early in yesterday's session, Realty Income dropped to $61.52 from $64.85 at the end of Friday, before closing at $61.74. During the session, it lost 4.8%.
The company has a market cap of $38.72 billion with an average daily trading volume of 3.51 million shares. So far in 2022 it has been beating the S&P 500 by 11.76%.