Stocks drift to mixed finish in muted holiday trading
U.S. stocks ended mixed on light holiday trading with the S&P 500 at 4783.35 and the Dow 37,710.10 while the Nasdaq edged lower. The week showed gains for all major indexes as markets approach year end with the Nasdaq up more than 44 percent for 2023 and the S&P 500 up about 24 percent.
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Init
American
AmrcnBalAm
FdmdInvsAm
Grfamrca m
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Wamtinvsa m
Bird
Baird AggrgateBdlnstl
Dodge & Cox Incl
Dodge & Cox Stil
Fidelity
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Vanguard EqincAdmrl
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Vanguard PrmCpAdmrl
Doe
SEC
IPO recovery boosts 2023 confidence and 2024 hopes
Renaissance Capital reports 108 IPOs in 2023 raising about 19.4 billion dollars, up from 2022's 71 IPOs and 7.7 billion. Big listings included Kenvue Arm Holdings and Birkenstock, with Instacart also notable as inflation cools and rates edge down, fueling expectations of a stronger 2024 IPO cycle.
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New York
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Medicare bars obesity drugs for older Americans struggle to cover Wegovy and Zepbound
Medicare cannot cover the new obesity injectables Wegovy and Zepbound for seniors under current law. Lawmakers push to change policy as debates cite high costs versus potential long-term savings, with studies offering conflicting cost estimates and health benefits.
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Vanderbilt University
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Eli
the Market IN Review
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