The city’s major publicly-listed real estate firms were not exempt from today’s stock market hangover — the worst post-New Year’s Day performance by the U.S. markets since 2008.
The Dow Jones Industrial Average closed this afternoon down 1.6 percent to 17,148.94. Other indices closely aligned with the real estate market reflected the drop, with the S&P 500 closing down 1.5 percent — its sixth-worst opening day ever — and the MSCI U.S. REIT Index – which tracks real estate investment trusts nationally – down 1.3 percent on the day.