Stock Market Today: PFE, ETSY Fall & ADBE Releases Earnings

Stocks finished higher after the Fed decided to keep interest rates unchanged and the dot plot pointed to three rate cuts next year. The Dow Jones, S&P 500, Russell 2000, and Nasdaq-100 all closed higher, along with all eleven S&P 500 sectors. Pfizer (PFE) fell today after providing full-year 2024 guidance that included the expected financial impact from Seagen. Etsy (ETSY) traded lower after announcing an 11% cut to its marketplace workforce. Finally, Adobe (ADBE) released its 4th quarter earnings results after the bell, beating earnings and sales estimates. Tune in to find out more about what to watch tomorrow and the stock market today.