Big Tech Sits Out Record Rally and EVs Rev Up Ahead of Rivian Debut

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 1 November 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P eked out another record close to start the week, but big tech stocks were all down. What’s the market action say about where to invest now. Plus, Tesla surging to its own all-time high today, and we get new details on Rivian’s market debut. 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	Live from the Nasdaq Market said overlooking New York City's Times Square, this is
0:05.3	fast money.
0:06.3	I'm Melissa Lee.
0:07.3	Tonight's Trader lineup.
0:08.3	Tim Seymour, Karen Feinerman, Dan Nathan and Brian Kelly, tonight on Fast Reving
0:11.5	Up.
0:12.5	New details on the Rivian IPO just crossing.
0:14.7	The Amazon and Boardback TV maker Plenty to Sell shares next week between $57 and $62
0:20.2	a share.
0:21.2	We will break down all the details that we have.
0:23.1	Plus, we're digging in on deer, share seeing their best day since February after the
0:27.2	company strikes a deal with the major union, but could there be even more upside ahead?
0:31.7	And a glitch in the metaverse shares a row blocks dropping after a system-wide outage
0:36.2	over the weekend.
0:37.2	Is this just a stumbling block or sign of more pain to come?
0:40.4	We start off with another set of records for the markets.
0:44.0	The S&P, Dow and Nasdaq all closing at all time highs, the S&P grinding its way to
0:49.0	its 60th record of this year.
0:51.8	But the games come without the help of big technology, long-time market leaders like
0:55.6	Alphabet, Amazon, Microsoft, Apple, all down today.
0:59.2	What did work?
1:00.2	Well, for one thing, retail, check out moves in Macy's, Coals, Gap in Nordstrom, all
	...

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