Real Estate Select Sector SPDR Fund (The) (XLRE)

U.S. stocks surge after Trump hints at trade progress, easing fears of disruption. S&P 500 up 3%, tech-heavy Nasdaq 100 outperforms. Semiconductors lead sector rally.

A chaotic and volatile session kicked off the new week on Wall Street, with a start that offers little reason for optimism.

We knew the markets probably weren’t going to respond well to the tariffs, but the breadth and depth of them provoked a virtual instant selloff in aftermarket trading yesterday.

According to TheFly, the brokerage also raised the price target for the stock to $250 from $213.

The communications-focused real estate investment trust (REIT) named Chief Financial Officer Dan Schlanger as interim chief executive, effective immediately.

Banks are growing more impatient with loan extensions and modifications raising the amount of 2025 debt maturities to $957 billion from $659 billion from 2022.

Last week, mortgage applications dropped 6.2% due to rising interest rates and lower refinance demand. Fed policy announcement may impact future rates.

In China, the prospect of the next round of stimulus is the exclusive driver for equities.