The Federal Reserve's statement and change in guidance is a bit more hawkish than many market watchers anticipated.  This is giving the financial sector, especially banks, a boost, since lenders tend to benefit from higher (but not too high) long-term borrowing costs.

On the flip-side, the prospect of higher rates is pummeling real estate-related stocks.  All 19 REITs in the S&P 500 are trading lower.

Here's a look:

S&P 500 Bank Stocks Bounce

 

Ticker

Security

Last

Change

% Chg

RF Regions Financial Corporation

11.07

0.26

2.41%

ZION Zions Bancorporation

32.13

0.70

2.23%

C Citigroup Inc.

49.15

1.01

2.10%

CMA Comerica Incorporated

50.47

0.94

1.90%

KEY KeyCorp

14.17

0.20

1.43%

BAC Bank of America Corporation

17.47

0.28

1.63%

STI SunTrust Banks, Inc.

39.85

0.57

1.45%

JPM JPMorgan Chase & Co.

58.66

0.60

1.03%

PNC PNC Financial Services Group, Inc.

85.55

0.93

1.10%

HBAN Huntington Bancshares Incorporated

9.81

0.06

0.62%

BBT BB&T Corporation

39.32

0.26

0.67%

MTB M&T Bank Corporation

118.65

0.63

0.53%

FITB Fifth Third Bancorp

22.85

0.07

0.31%

USB U.S. Bancorp

42.49

0.12

0.28%

 

S&P 500 REITs Tumble

 

Ticker

Security

Last

Change

% Chg

VTR Ventas, Inc.

59.52

-1.37

-2.25%

AIV Apartment Investment & Mgmt.

29.80

-0.54

-1.78%

EQR Equity Residential

57.45

-0.96

-1.64%

VNO Vornado Realty Trust

97.03

-1.64

-1.66%

SPG Simon Property Group, Inc.

160.80

-2.67

-1.63%

GGP General Growth Properties, Inc.

21.86

-0.35

-1.58%

PLD Prologis, Inc.

40.22

-0.62

-1.52%

WY Weyerhaeuser Company

29.18

-0.44

-1.47%

HCN Health Care REIT, Inc.

57.59

-0.80

-1.37%

MAC Macerich Company

60.09

-0.77

-1.27%

PSA Public Storage

166.23

-2.13

-1.27%

HCP HCP, Inc.

36.60

-0.46

-1.24%

KIM Kimco Realty Corporation

21.69

-0.27

-1.23%

PCL Plum Creek Timber Company, Inc.

41.85

-0.51

-1.20%

HST Host Hotels & Resorts, Inc.

20.23

-0.24

-1.20%

AVB AvalonBay Communities, Inc.

128.70

-1.38

-1.06%

BXP Boston Properties, Inc.

111.89

-1.32

-1.17%

CCI Crown Castle International Corp.

74.21

-0.61

-0.82%

AMT American Tower Corporation

81.20

-0.60

-0.73%