Dow Notches Record Close After Fed’s Latest Rate Pause, and Pfizer Touches More Than 10-Year Low 12/13/23

The Dow rose above 37,000 for the first time on record after Jerome Powell’s latest press conference seemed to reassure investors that a soft landing is still in the cards. But can the momentum be sustained? Plus Pfizer sinks after a big warning for 2024 and Etsy joins the group of companies announcing year-end layoffs.

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