A Big Tech Breakdown and a Signal We’ve Hit Peak SPAC

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 2 March 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

NASDAQ losses accelerating into the close with big tech names leading the market losses. NYU’s Dean of Valuation breaks down what he thinks this means for the market. Plus, Casper’s CEO is getting into the SPAC game with a cybersecurity company. Is this a deal that will let investors rest easy, or will they be losing some sleep? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Melissa Lee and this is FastFundey.
0:03.5	Tonight's Trader lineup.
0:04.4	Guy Dami, Tim Seymour, Dan Nathan, and Bono and Ison.
0:06.8	Tonight on Fast, Lyft hits the gas.
0:09.0	The stock of rocketing higher in the actor
0:10.6	as the company turns a major corner,
0:12.5	bringing the full details straight ahead.
0:14.7	Plus, a reef what you sow, the chartmaster says
0:17.0	it is time to harvest gains in the tractor trade.
0:19.6	He'll break down the charts.
0:21.0	And later, clean up in aisle three, target hit the bulls-eye,
0:23.7	but the stock misses the mark.
0:25.4	We'll find out what sent shares tumbling today.
0:28.7	But we start off with a sell off in big tech.
0:30.5	The Nasak tumbling today falling another one and a half percent
0:33.4	to finish the days at session lows.
0:35.1	The QQQs now down nearly 3% over the past month
0:38.8	versus a one and a quarter percent gain in the Nasak.
0:41.8	Excuse me, the S&P 500.
0:43.1	Check out some of these big moves in big cap tech.
0:45.2	Apple falling 2% today.
0:46.6	It is now down 7% in a month.
	...

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