Monday's stock market performance brought about some anxiety among big U.S. businesses and other stakeholders while the Dow Jones dropped by 1,000 points and spent the rest of the day fighting its way back toward the break-even point.
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Fed Reserve: Q1 Household Wealth Up to $84.9 Trillion
Increases in home prices and the stock market pushed household wealth to nearly 85 trillion for the first quarter of 2015, according to the Federal Reserve’s Statistical Release titled “Financial Accounts of the United States” released today. The net worth of households and nonprofits rose increased by $1.63 trillion to $84.9 trillion during the first quarter of 2015. Meanwhile, the value of directly and indirectly held corporate equities increased $487 billion and home values rose $503 billion.
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