4.99%GE 20.52 4.87%QQQQ 34.33 5.11%
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NEW YORK - Shares of real estate investment trusts closed mostly higher Tuesday after Federal Reserve Chairman Ben Bernanke maintained expectations that the economy will improve later this year.
Bernanke, in a speech via satellite to a conference in Barcelona, Spain, said the economy will rebound during the second half due to interest rate cuts, Fed loans to banks and tax rebates.
How shares of some REITs performed:
SL Green Realty Corp. advanced 84 cents to $97.
Brookfield Properties Corp. added 11 cents to $19.98.
Boston Properties Inc. climbed $1.68 to $96.60.
Kimco Realty Corp. gained 46 cents to $38.61.
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