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CNBC's "Fast Money"

Markets Stage Massive Rebound, but One Recent Leader Sits Out the Rally

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 2 December 2021

⏱️ 46 minutes

🧾️ Download transcript

Summary

Major indexes rebounded in a big way on Thursday, with the Dow rising nearly 2%. But Apple, which has been one of the leaders, even amid the recent sell-off, ended the day down, as did the rest of big tech. The traders break down what this all means. 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

It's live for the Nasdaq Market side right here in New York's Times Square.

0:03.4

This is Fast Money I Am Bride and from a list of tonight, welcome everybody.

0:07.1

Tonight's Trader lineup, Guy Dominic, Tim Seymour, Karen Feynman, and Bonnell and Ice.

0:12.7

Tonight on Fast, Stocks, Tage and Monster come back as the market wipes out all of

0:17.6

yesterday's losses. So is this an all clear or simply too soon to break out any kind of

0:23.5

a rally cap we're going to find out. Plus, the chart master is drilling down on today's

0:28.0

crude comeback. Carter Warr is seeing some big opportunity and big oil. He's going to read

0:32.8

the Texas tea leaves ahead. And we are all over the after hours disaster from DocuSign.

0:39.6

Shares down 25% right now. The guidance needless to say not what Wall Street wanted to hear.

0:47.9

The company's conference call is underway. Debosa is dialed in. She will pop on with

0:52.4

any of the key news. All right, let's go. We have got a lot more to do, but we begin with

0:57.0

what else? The rip roaring rally on Wall Street. Stocks surging to end the day. Lots of buyers

1:03.4

moving in and they bought up really all kinds of stocks. The Dow rallying nearly 620 points,

1:09.3

almost 2% for its best day since March. Almost all Dow stocks were higher except for those

1:15.6

six you see on the screen. Apple, the biggest declineer. The Nasdaq rising,

1:20.2

nearly a percent, but Amazon, Microsoft, Meta, aka Facebook, and Tesla actually had the

1:26.0

gall to fall. So, Guadami, how do you make sense of today's moves?

1:33.2

We sell, first of all, hello, Brian. Good to see you. How are you?

1:39.0

You there? I'm sorry. No, as I say, we always try to explain things. Like, there are certain

1:44.0

things that are unexplainable. The Loch Ness monster, why the Detroit Lions are still in the NFL.

1:49.0

And days like today make zero sense to me. Maybe the other three can illuminate me,

1:55.3

but I have no idea why today is happening. I'll say this, and I'm sure Bono and I have some

...

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