Markets Rally to End the Week, and Robinhood’s Big Turnaround

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 28 January 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow posted another big turn around, closing nearly 920 points higher than its lows of the day. Is this a reason for optimism going into another big week for earnings? Or a sign for concern. Plus, Robinhood staging a massive comeback, closing up nearly 10% after dropping almost 15% at the start of the session. The traders bring you the trade on the turnaround. 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	Life of the Nasdaq Market site overlooking New York City's Times Square.
0:02.8	This is Fast Money.
0:03.8	I'm Melissa Lee.
0:04.5	Tonight's Trader Line of Tim Seymour, Steve Grasso, Nadine Termin, and Bono and Ice.
0:08.8	And tonight I'm fast-charting the chips, the semi-sinking this week.
0:11.9	But the chart master says, buy this dip.
0:14.5	What he sees is a big bounce that is coming.
0:17.0	Plus, we are gearing up for another mega-week of earnings.
0:19.4	Meta, alphabet, Amazon, all reporting.
0:21.6	But forget big tech we've got for other names to keep on your radar.
0:26.0	And later, the ultimate comeback kid.
0:27.7	Check out this big about face in today's session.
0:30.8	We'll tell you which stocks start of the day in the red and end it with nearly a 10% gain.
0:36.5	But we start off with a big ol' rally to end one wild week.
0:39.3	All three major averages surging into the closed to hand in their best performance this year.
0:44.5	The real action was in technology.
0:46.4	The Nasdaq jumping 3.1% for its first weekly gain in five weeks.
0:51.4	Check out the moves in mega-cap tech stocks.
0:53.8	The apples were nearly 7% on the back of its results.
0:56.7	Microsoft, alphabet, Amazon, also seen some strong gains.
0:59.5	So is today's action a temporary bounce?
1:03.0	Or is there a turnaround in tech land?
	...

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