U.S. markets closed
  • S&P Futures

    4,007.75
    +4.50 (+0.11%)
     
  • Dow Futures

    34,031.00
    +45.00 (+0.13%)
     
  • Nasdaq Futures

    11,814.25
    +8.50 (+0.07%)
     
  • Russell 2000 Futures

    1,843.80
    +1.90 (+0.10%)
     
  • Crude Oil

    77.53
    +0.60 (+0.78%)
     
  • Gold

    1,784.60
    +3.30 (+0.19%)
     
  • Silver

    22.31
    +0.11 (+0.50%)
     
  • EUR/USD

    1.0494
    -0.0003 (-0.03%)
     
  • 10-Yr Bond

    3.5990
    +0.0930 (+2.65%)
     
  • Vix

    20.75
    +1.69 (+8.87%)
     
  • GBP/USD

    1.2196
    +0.0002 (+0.02%)
     
  • USD/JPY

    136.8860
    +0.2010 (+0.15%)
     
  • BTC-USD

    17,034.81
    -178.89 (-1.04%)
     
  • CMC Crypto 200

    402.73
    -8.48 (-2.06%)
     
  • FTSE 100

    7,567.54
    +11.31 (+0.15%)
     
  • Nikkei 225

    27,924.20
    +103.80 (+0.37%)
     

Why Shares of Redfin, AGNC Investment Corp., and Annaly Capital Management Are Falling Today

Why Shares of Redfin, AGNC Investment Corp., and Annaly Capital Management Are Falling Today

Shares of several real estate stocks and mortgage real estate investment trusts (REITs) struggled today as mortgage rates soared. Shares of the real estate brokerage Redfin (NASDAQ: RDFN) traded close to 7% lower as of 11:50 a.m. ET today. Meanwhile, shares of mortgage REITs AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY) traded more than 5% and nearly 10% lower, respectively.