During trading Wednesday, 1 stocks traded to a 52-week high, while 61 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.52% so far today while the Dow is up 1.08%, the Nasdaq is up 2.5%, and the Russell 2000 is up 1.96%.
Stocks recovered Wednesday while cryptocurrencies continued to fall. The Federal Reserve hiked interest rates by 75 basis points and signaled that another 75 point jump is likely in July should inflation continue at its current pace. Markets priced in the substantial hike following a worse-than-expected CPI report last week which led many to believe the Fed would raise rates more than the previously expected 50 point jump.
The Real Estate sector makes up the majority of our 52-week lows, as 16 out of our 61 lows comes from the Real Estate sector. The Real Estate sector is outperforming the market today, increasing 2.37% so far on the day. Over the last month, the Real Estate sector has underperformed the market, decreasing 7.07% while the S&P decreased 5.46%.
Real estate stocks have the most lows Wednesday as the sector is down over 7% the past month even with its 2.37% increase today. The cyclical sector has been off to a rough start in 2022 as growth slows and tighter monetary policy has been initiated.
Real Estate: AGNC, ARI, ARR, CIM, IVR, MAA, MITT, MPW, NLY, NYMT, ORC, PMT, RC, RWT, SRG, TWO,
No stocks traded to a 52-week high today.
The following stocks traded to 52-week lows:
AGNC, ALBO, ARI, ARR, BKCC, BLL, BZH, CIM, CLX, CMTL, CNS, CPS, CTOS, CURO, CVGI, CYH, EMN, ENV, EVER, EVFM, FNF, GLT, GSHD, HCA, HELE, ITW, IVR, JACK, LGIH, LIND, MAA, MCRB, MITT, MMM, MPW, NEXA, NLY, NMFC, NTRS, NYMT, ORC, PBI, PG, PMT, RC, RWT, SGRY, SHW, SNAP,
No ETFs traded to a 52-week high today.
The following ETFs traded to a 52-week low:
AFK, EWY, VNM,