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Data center REITs drive real estate stocks down, earnings fail to impress (XLRE:NYSEARCA)

Close-up of modern office facades at business district at dawn

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Data center REITs drove the S&P 500 real estate sector lower this week amid the rise of the Chinese AI startup DeepSeek, which dragged technology stocks down, and the weekly earnings failed to impress.

The Real Estate Select Sector SPDR

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