JLL stock sinks 12% as Zillow outlook jolts real estate shares ahead of JLL earnings
Jones Lang LaSalle shares dropped 12% to $304.19 Wednesday, near session lows, after Zillow issued a weaker profit outlook and forecast continued housing market challenges. Zillow stock fell 17%, while CBRE Group and Cushman & Wakefield each lost about 14%. Investors await JLL’s Feb. 18 earnings for signals on deal flow and leasing demand. The broader U.S. market was little changed.