financetom
Market
financetom
/
Market
/
US stock market pushed household wealth to record high in fourth quarter
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US stock market pushed household wealth to record high in fourth quarter
Mar 13, 2025 10:16 AM

March 13 (Reuters) - U.S. household wealth rose to a

fresh record high at the end of 2024, Federal Reserve data

showed on Thursday, thanks to a stock market rally that appears

to have run out of steam in the past three weeks.

The net worth of households and non-profit groups rose to $169.4

trillion in the fourth quarter of last year, the U.S. central

bank said in its quarterly U.S. financial accounts report, the

slowest quarterly gain in at least two years, as a drop in the

value of real estate trimmed gains from equities.

The S&P 1500 Composite index, which encompasses the vast

majority of the U.S. stock market, gained 2.1% in the fourth

quarter of 2024. It has lost nearly $4 trillion in value since

President Donald Trump's January 20 inauguration and about $2.7

trillion since this year began.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TREASURIES-US yields rise on further consolidation ahead of massive supply next week
TREASURIES-US yields rise on further consolidation ahead of massive supply next week
Jun 20, 2024
* U.S. housing starts fall, Philly Fed index declines * U.S. yield curve reduced inversion * U.S. rate futures price in between one to two cuts this year * Focus on $21 billion U.S. five-year TIPS auction (Recasts with market rise; adds analyst comment, Philly Fed data, more details about reports, bullets, byline; updates prices) By Gertrude Chavez-Dreyfuss NEW YORK,...
Top Midday Stories: SCOTUS Upholds 2017 Foreign Business Income Tax; Dell, Super Micro Supplying xAI for Supercomputer; Honeywell Acquires CAES Systems for $1.9 Billion
Top Midday Stories: SCOTUS Upholds 2017 Foreign Business Income Tax; Dell, Super Micro Supplying xAI for Supercomputer; Honeywell Acquires CAES Systems for $1.9 Billion
Jun 20, 2024
12:08 PM EDT, 06/20/2024 (MT Newswires) -- All three major US stock indexes were up in late-morning trading as shares of Nvidia (NVDA) were up, cementing its status as the most valuable public company. The US Supreme Court on Thursday upheld a 2017 tax on American-owned businesses' foreign profits by a 7-2 vote. Known as the Mandatory Repatriation Tax, the...
TSX up 76 Points at Midday With Miners Boosting Gains
TSX up 76 Points at Midday With Miners Boosting Gains
Jun 20, 2024
12:15 PM EDT, 06/20/2024 (MT Newswires) -- The TSX is up 76 points at midday on mixed sectors. Miners and industrials are the biggest gainers, up 1.9% and 0.6%, respectively. Oil prices edged higher early on Thursday on expectations summer demand is on the rise amid tight supply while fresh inventory data is awaited. Gold traded higher even as the...
US STOCKS-S&P 500, Nasdaq scale record highs as Nvidia lengthens its lead
US STOCKS-S&P 500, Nasdaq scale record highs as Nvidia lengthens its lead
Jun 20, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Dell, Super Micro providing server racks for xAI's supercomputer * Kroger ( KR ) reaffirms FY forecasts amid consumer spending pressure * Indexes mixed: Dow up 0.22%, S&P up 0.06%, Nasdaq flat (Updated at 11:59 a.m. ET) By Shubham...
Copyright 2023-2025 - www.financetom.com All Rights Reserved