Stocks drift to mixed finish in muted holiday trading
The stock market ended mixed as trading was muted on the eve of year end, with the S&P 500 up 1.77 points to 4783.35, the Dow Jones rose 53.58 to 37710.10, and the Nasdaq fell 4.04 to 15095.14. The week ended with broad gains despite cautious activity ahead of 2024.
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Ib)$3.91 $3.94 Cbot Jan 24 1305.25 -11.50 Soybeans Cattle Cme
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IPOs show recovery amid 2023 gains fuel 2024 optimism
2023 saw 108 IPOs raising about 19.4 billion dollars, up from 2022's 71 IPOs and 7.7 billion. Major listings Kenvue Arm Holdings Birkenstock Instacart drove proceeds, signaling renewed market confidence as inflation cools and rate cuts loom for 2024.
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Medicare Still Bans Obesity Drugs for Older Americans
Medicare cannot cover new obesity injections like Wegovy and Zepbound for seniors under the 2003 rule, though lawmakers push to change. Studies cite potential long term savings yet upfront costs risk Medicare’s finances. bipartisan bills seek coverage for obesity drugs plus therapy and nutrition guidance.
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