Live from the Nazac Market site in the heart of New York City's Times Square,

This is Fast Money. Here's what's on tap tonight. The big CPI sell-off,

the S&P dropping more than 2% at its lows, the Dow seeing its worst day since last March.

The yield on the tenure is highest level in over two months.

The culprit, a hot inflation report that sparked fears that a rate cut is not just around the corner. Is this just

the start of the air coming out of this rally and how much more pain is left to

come? We'll debate that. Plus a regional wreck, the KRE ETS, posting its

lowest close since late November as the sector comes to terms with

higher for longer. Which banks will feel the pain? Which can stage a rebound? But it wasn't all

bad news amid the sea of red a handful of stocks were actually hitting 52 week highs or

better we'll get a look at the surprising standouts and some after hours

action that may help set a better tone for tomorrow we'll go inside the

moves of lift Robin Hood and Zillow.

I'm Melissa Lee coming to you live from Studio B at the NASDAQ

on the desk tonight.

Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami.

We start off with that CPI Spark sell-off,

stocks closing off their lows, but still red across the board

the Dow shedding more than 500 points for its biggest loss since last March the

S&B 500 down 1.3% while the NASDAQ lost 1.8 percent.

Rate sensitive small caps getting particularly hard hit.

The Russell 2000 down nearly 4 percent, its biggest one day drop since June 2022.

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