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Why Shares of Annaly and AGNC Were Falling Today

TheMotleyFool

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Why Shares of Annaly and AGNC Were Falling Today: https://g.foolcdn.com/editorial/images/703762/a-computer-screen-with-the-acronym-reit-in-large-letters-on-it.jpg

Two of the most prominent mortgage real estate investment trusts (REITs), Annaly Capital Management (NYSE: NLY) and AGNC Investment (NASDAQ: AGNC), were down sharply during trading on Wednesday. Annaly Capital was down as much as 9% on the day at around noon ET, while AGNC fell as far as 9.7% on the day at around the same time. They were both down about 7% at 2:40 p.m. ET.

All of the major indexes were down slightly in mid-afternoon trading. The S&P 500 was down about 0.2%, the Dow Jones Industrial Average was off 0.1%, and the Nasdaq Composite had fallen about 0.4% at 2:40 p.m. ET.

Source Fool.com

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