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2024-12-14 00:37:23

American family wealth climbed to a record high thanks to the rise of the stock market. Driven by the rise of the stock market before the US presidential election, American family wealth reached a record high in the third quarter. According to a report released by the Federal Reserve on Thursday, household net assets increased by nearly 4.8 trillion US dollars, up 2.9% from the previous quarter, reaching 168.8 trillion US dollars. The value of American stock holdings increased by 3.8 trillion US dollars, while the value of real estate decreased by nearly 200 billion US dollars. In the third quarter, investors benefited from the stock market rally, as the market expected the Federal Reserve to cut interest rates and Donald Trump to return to the White House next year. Since Trump won the election on November 5, the S&P 500 index has climbed to a new high due to the market expectation that the president-elect will promulgate a pro-business policy.The yield of US 10-year Treasury bonds rose to 4.316% after the auction results were announced, the highest level since November 26th.UN spokesman: UN Secretary-General Guterres pays special attention to hundreds of air strikes by Israel on several locations in Syria. He stressed the urgent need to reduce the level of violence in all aspects of Syria.


The U.S. House of Representatives passed a bill to expand the judiciary.Smith, Governor of Alberta, a major Canadian oil town: We don't agree to cut oil and gas exports to the United States.In the third quarter of the United States, the net worth of households changed by $4,765.9 billion, and the previous value was $2,760 billion.


Intel executives said that under the leadership of the new leadership, they will increase investment in products.Market News: Volkswagen Audi will stop production in Brussels before February 28th.Major indexes of European stocks were mixed, with German DAX 30 index up 0.08%, French stock index down 0.06%, Italian stock index up 0.40%, British stock index up 0.03% and European STOXX 600 index down 0.19%.

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