Jun 7, 2024 - Economy
Charted: Stocks are doing just fine
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Stocks held the line today, despite diminished expectations for near-term rate cuts.
The big picture: The S&P 500 index is up 12.7% this year, the Nasdaq has risen 16%, and the Dow is up 2.9%.
- Household net worth increased 3.3% to $160.8 trillion in the first quarter, according to a Federal Reserve report today.
- Almost 75% of the growth was attributable to fattened stock portfolios.
