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

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 13 December 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. Fast Money Disclaimer

Transcript

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0:00.0	All right, welcome everybody, live from the NASDAQ market site in the heart of New York City's Times Square.
0:06.5	This is Fast Money and here's what's on tap tonight.
0:09.5	Monster Market moves, the Dow topping 37,000 for the first time ever.
0:14.3	S&P getting within 2% of a record in the 10 year at levels not seen since
0:18.9	the summertime. August to be precise.
0:21.2	All this thanks to Jerome Powell how the Fed chair got stocks
0:25.2	surging and can they keep their momentum in the new year we will debate that plus
0:29.2	bad medicine shares a Pfizer plunging to more than 10-year lows.
0:35.1	The headline sinking the stock and what one of our traders is doing with their shares
0:40.4	right now.
0:41.4	And later, crafting concerns,
0:43.4	ETSC, the latest name to cut jobs why the market wasn't buying in on the announcement.
0:48.6	In from Melissa Lee, I'm Tyler Matheson. Welcome everybody,
0:51.5	coming to you live from Studio B at the Nasdaq market site. Time and
0:55.0	time I'm Matheson welcome everybody coming to you live from studio B at the NASDAQ market site on the desk tonight Carter Worth
0:56.9	Karen Finerman Dan Nathan Guyadami
0:59.2	don't let me fail here
1:00.4	keep talking my back will you Keep me propped up.
1:04.0	Always.
1:05.0	Historic close on Wall Street today, all kinds of records, both all time and for the year of the past 52
1:11.0	weeks, the Dow rallying more than 500 points it was flat at 2 o'clock
1:16.4	folks 500 points at the close higher closing above 37,000 for the first time ever
	...

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