Stock Market Update
30-Jun-26 12:05 ET
Real Estate sector lags
Dow +146.28
at 52329.02,
Nasdaq +332.84
at 26173.98,
S&P +50.15
at 7490.58
[BRIEFING.COM] The major averages are little changed from previous levels amid a relatively quiet session.
Similar to yesterday's action, the real estate sector (-1.5%) is a laggard, facing broad pressure across its components.
Additionally, Digital Realty Trust (DLR 180.43, -10.15, -5.33%) trades lower after announcing with Blackstone (BX 115.75, +0.87, +0.76%) that Digital Realty has agreed to purchase from Blackstone-affiliated funds managed by Real Estate, Infrastructure and Tactical Opportunities a stake in three fully leased data centers containing 288 megawatts of total IT capacity in Northern Virginia at a gross value of $7.8 billion, reflecting an expected initial stabilized capitalization rate of over 6.5%. Total consideration paid to Blackstone for its blended 64% equity interest in the assets will be $3.5 billion, including $1.2 billion of cash and $2.3 billion in shares of Digital Realty, based on the last reported sale price of the company's common stock on the New York Stock Exchange on June 29, 2026.
