Monday, July 10, 2023
North America

Truist Reviews Pebblebrook Markets

  • DJIA rose 210 points, Nasdaq up 25, S&P 500 up 11; 10-year treasury yield retreated to 4.01%.
  • RW Baird supports Ashford Hospitality Trust‘s decision to return hotels to lenders, citing improved cash flow prospects.

The DJIA rose 210 points, Nasdaq was up 25, the S&P 500 was up 11 points while the 10-year treasury yield retreated .04 to close to 4.01%. Lodging stocks were higher but most were up 2% to 3%. VCSA was the biggest mover, up 5% today. RW Baird issued a report on the Ashford Hospitality Trust announcement they were going to return 19 hotels (3,583 rooms) […]