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.