Solid session for CBRE Group generates 0.8% gain today

Published: May 26 2023, 21:25 GMT+0

Solid session for CBRE Group generates 0.8% gain today

Today at a glance: the US real estate giant went up to $75.57, gaining 0.8%.

On the flip side, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%. United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

A look at other real estate stocks also showed bullish price action as ProLogis traded at $124.95 after closing today's trading day at $122 (up 2.43%).

The stock has been trending positively for about 2 months. The US real estate giant is now trading 16.24% below the significant high of $89.51 it set around 3 months ago.

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