The Dow Jones Industrial Average gained more than 500 points on Thursday as all three major indexes rose into positive territory for the week.<\/b>
\nSept.23 (UPI) — U.S. markets rose back into the green for the week Thursday as the Federal Reserve reported that U.S. household net worth hit a new record. The Dow Jones Industrial Average gained 506.5 points, or 1.48%, while the S&P 500 climbed 1.21% and the Nasdaq Composite closed the day up 1.04%. Thursday’s gains saw all three major indexes arrive in positive territory for the week after early losses with the Dow up 0.5%, the S&P gaining 0.3% and the Nasdaq eking out a gain of 0.06%. Markets rose as the Federal Reserve reported that household net worth in the United States rose by $5.8 trillion, or 4.3%, to $141.7 trillion in the second quarter of the fiscal year. The rise included a $3.5 trillion gain in the value of equities and a $1.2 trillion increase in real estate held by households. Debt, however, also rose with business debt outstanding rising by $63.2 billion to a total of nearly $18 trillion, while outstanding federal debt climbed by $578.8 billion to $24.7 trillion. Consumer credit outstanding not including mortgage debt also rose by $91.2 billion. Salesforce led the Dow gaining 7.2% after raising its fiscal year 2022 guidance to the range of $26.25 billion to $26.35 billion up from $26.31 billion. Energy stocks rose with APA Corp. and Devon Energy both rising more than 7% as West Texas Intermediate crude futures rose to $73.50 per barrel, its highest price since Aug.2. Bank stocks also rose as the 10-year treasury yield rose to 14.10 with as JPMorgan, Bank of America and Citigroup all rose more than 3%.<\/p>\n