Advertisement
Canada markets open in 15 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7321
    -0.0002 (-0.03%)
     

  • CRUDE OIL

    84.17
    +0.60 (+0.72%)
     

  • Bitcoin CAD

    87,402.17
    +1,147.55 (+1.33%)
     

  • CMC Crypto 200

    1,384.60
    -11.93 (-0.85%)
     

  • GOLD FUTURES

    2,361.20
    +18.70 (+0.80%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.6650
    -0.0410 (-0.87%)
     

  • NASDAQ futures

    17,734.75
    +167.25 (+0.95%)
     

  • VOLATILITY

    15.41
    +0.04 (+0.26%)
     

  • FTSE

    8,122.79
    +43.93 (+0.54%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     
MARKETS LIVE BLOG:

STOCK FUTURES JUMP, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

U.S. household wealth rose to record $141.7 trillion in Q2, Fed says

Reuters
·1 min read

Sept 23 (Reuters) - U.S. household wealth jumped to a new high of $141.7 trillion at the end of June, a report from the Federal Reserve showed on Thursday, boosted by stock market gains and a pandemic-induced real-estate boom.

Rising equity markets fueled the increase in overall wealth, adding $3.5 trillion to household assets in the second quarter - a time period in which the S&P 500 saw a total return of just over 8.5%.

Increasing real estate values added around $1.2 trillion, according to the U.S. central bank's latest quarterly report on household, business and government financial accounts.

Overall U.S. household wealth rose by $5.9 trillion from the first quarter.

The amount held in household savings deposits fell to $10.6 trillion in the second quarter from $10.8 trillion in the first quarter. Balances in checking accounts rose to $3.6 trillion from $3.3 trillion in the first quarter, the report showed. (Reporting by Jonnelle Marte and Ann Saphir; Editing by Andrea Ricci)