Stocks at Fresh 13-Month Highs as Investors Eye the Fed, and Biogen’s Latest Boardroom Drama 6/13/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 13 June 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets added to the week’s gains, with the S&P and Nasdaq both closing at their highest levels since last April. The Dow at its best since February 13. But will tomorrow’s Fed decision take the air out of the rally? Plus a shake up on Biogen’s board raising eyebrows as the company’s Alzheimer’s treatment draws questions. What it all means for the stock. Fast Money Disclaimer

Transcript

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0:00.0	Right now and fast on a bull, leave a bull, stocks keep surging.
0:03.3	The S&P announced that getting fresh 52 week highs while the Dow is just 1% away from
0:07.3	doing the same.
0:08.3	With inflation cooling and effect decision less than a day away, can the rally roll on?
0:12.2	We'll debate that.
0:13.2	Plus, BioGen Blues is stock dropping as a details of its boardroom drama get released,
0:17.5	involves a polarizing director, his live-in partner, a baby and a bitter divorce battle.
0:23.0	You heard that right.
0:24.0	The details in the fall out straight ahead.
0:25.8	And later, Tesla's lucky 13, the winning streak rolls on.
0:29.2	The downgrade grapple is its right around and all-time high in stocks in Japan do something
0:33.5	they haven't done in 33 years.
0:35.7	I'm Melissa Lee.
0:36.7	This is fast money.
0:37.7	We're live at the Nasak Market Sight on the Death tonight.
0:39.2	Tim Seymour, Karen Feinermann, Dan Nathan, and Guy Azami.
0:41.9	And we start off with fresh 52 week highs for the S&P and the Nasak.
0:45.9	Both indices putting in their best closes since last April.
0:49.7	Again, the Dow meantime posting its highest close since just before Valentine's Day, the
0:54.6	latest moves coming after new signs inflation is cooling.
0:57.6	The consumer price index posting of the smallest gain in over two years in May is the energy
1:01.8	prices pulled back from last year's highs.
	...

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