Market Loses Steam in 11th Hour
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 26 February 2021
⏱️ 22 minutes
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| 0:00.0 | I'm Melissa Lee and this is fast money tonight straighter line up Steve |
| 0:04.4 | Grasso, Bono and Ice and James McDonald and Pete Nigerian. Tonight on |
| 0:08.0 | fast, we are watching shares of J&J and FDA panels expected to vote at any |
| 0:12.1 | moment on the company's single shot COVID vaccine will bring you the |
| 0:15.5 | decision as soon as we have it. Plus, the chartmasters with us and he's |
| 0:19.4 | gearing up for some March madness. Carter Worth lays out the three best |
| 0:22.9 | looking charts in the market as we head into a new month and later making it |
| 0:26.5 | rain. Draft kings hitting the jackpot today find out if any of our |
| 0:30.3 | traders are betting on this one. But we start off with an 11th hour fade for |
| 0:34.2 | the market. The doubt ending the day down a percent and a half the S&P 500 |
| 0:38.1 | unable to hold on to games. The Nasite closing well off of its highs. Take a |
| 0:42.2 | look at a couple of names driving the action. Facebook was up more than 4% |
| 0:46.0 | earlier today but sold off into the close. It ended just 1% higher. Apple added |
| 0:51.0 | session highs just 12 minutes before the close gave up nearly everything. So |
| 0:55.6 | what does this kind of price action laid on a Friday as we close out the |
| 0:58.8 | month tell you Steve I got a you you always talk about rebalancing how do |
| 1:02.5 | that plan to this? Yeah so I think you know you have month end you have |
| 1:07.6 | rebalancing you have a bunch of stuff going on so really hard to make any |
| 1:11.5 | sense out of what the action was today other than positioning because we had |
| 1:16.6 | such a volatile month Melissa but when you look at rates rates is what everyone's |
| 1:21.3 | talking about rates roll today so you had one and a half percent are there |
| 1:26.0 | abouts in a 10 year rolled off so what happened when it rolled off all those |
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