9.84%QQQQ 30.60 8.96%XLF 15.45 10.85%
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NEW YORK - Shares of real estate investment trusts traded lower Friday morning, along with the broader market, on rising oil prices and a bigger-than-expected increase in unemployment.
The Labor Department said the nation's unemployment rate rose to 5.5 percent in May from 5 percent in April. The rate, logging its biggest monthly rise since February 1986, is its highest since October 2004.
How shares of some REITs performed shortly after the market opened:
SL Green Realty Corp. dropped $1.19 to $99.55.
Brookfield Properties Corp. slipped 52 cents, or 2.5 percent, to $20.25.
Boston Properties Inc. lost $2.28, or 2.3 percent, to $98.38.
Kimco Realty Corp. fell $1.18, or 2.9 percent, to $39.
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