Rate Hike Concerns Trigger REIT Sell-Off on NYSEARCA:DESK
REITs experienced a decline as concerns over potential rate hikes led to a sell-off, particularly impacting certain subsectors. The office subsector saw the biggest decline, with diversified and newly launched REITs also experiencing significant drops. However, specialty and healthcare subsectors fared better. The overall performance of REITs dragged down various indices, while the S&P 500 also declined.