STOCKS PLUMMET TO CLOSE OUT BRUTAL THIRD QUARTER FOR WALL STREET

It was a downbeat end to a month and quarter wrought by vicious selling that tipped all three major averages into a bear market

Annaly Capital Management, Inc. (NLY)

NYSE - NYSE Delayed Price. Currency in USD

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17.16

-0.35

(-2.00%)

At close: 04:00PM EDT

17.22

+0.06

(+0.35%)

After hours:

04:46PM EDT

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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.
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