Live from the NASAC markets, I'm at the heart of New York City's Times Square.

This is fast money.

Here's what's on tap tonight.

The Dow just barely breaking its 10-day losing streak, but the dollar and yields both continuing their treks higher after yesterday's Fed decision.

Will that spell gloom and doom for equity markets in the New Year?

We'll debate that.

And health concerns from weakness in the

insurers to another disappointing drug trial, the sector getting hit hard today. We'll dive

into all the headlines and dig in on whether the sector is worth another look. Plus, Nike

and FedEx surging after hours will go inside the numbers. Shears a French fry maker,

Lamb Weston, getting skewered, shredded maybe, and how private equity could completely

change the landscape for college sports. I'm Melissa Lee. I'm to you live from studio at the

NASDAQ on the desk tonight. Tim Seymour, Karen Pinerman, Dan Nathan and Mikeo will join us shortly.

We start off with the two major moves that could threaten stocks in the months ahead. The 10-year

yield climbing towards 4.6 percent after yesterday's Fed meeting, it's spread against the two-year now its highest.

It's been since June 2022. The dollar also continuing to strengthen, hitting a two-year high

of its own. Those moves, as the central bank revised its outlook for 2025, now expecting just

two more cuts. That sent stock markets reeling on Wednesday.

While the major averages tried to claw back some of those losses yesterday, today, I should say,

a late-day fade sent the S&P and NASDAQ just into the red and the Dow well off its high.

So it did manage to break that 10-day losing streak.

The NASDAQ currently the only index with a gain in this historically

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