Business · Markets · 1 day ago

Real estate stocks outperform broader markets

Real estate stocks outperform broader markets

Real estate stocks edged higher during a week when they outperformed broader markets.

The week also brought a reality check for the broader artificial intelligence sector.

Minutes from the Federal Open Market Committee’s September meeting showed that its members were united in supporting the central bank’s tightening cycle.

The committee is part of the Federal Reserve, the US central bank.

The contrast showed that real estate stocks held up while other parts of the market faced pressure.

The available information does not say what comes next for these stocks or for the central bank’s policy.

Sources

Related news