Stocks Drop In Major Reversal… And Opportunities In A Red-Hot Biotech Sector 11/20/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 20 November 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

An early rally in stocks gave way to a rough sell-off on Wall Street. How Nvidia’s reversal, and a delayed jobs report gave way to a market meltdown, and how Walmart became a bright spot in the down day. Plus, Biotech more than doubling the performance of the broader market, as M&A action lights up the space. Where our next guest sees the most opportunity in the space, and if the biotech boom can continue into year end. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:08.0	Here's what's on top tonight.
0:09.9	Invidia, in reverse, the semi-giant giving up gains of more than 5% and ending the day down 3%
0:17.7	what the roller coaster ride means for the rest of the market.
0:22.4	And winning Walmart, the retailer ride means for the rest of the market. And winning Walmart,
0:26.9	the retailer beating estimates for the latest quarter and upping expectations for the year,
0:32.8	how the big box company is navigating a questionable consumer landscape. Plus digging in on the long delayed September jobs report, a weak signal for internet stocks and more gains in biotech.
0:39.5	We talked with one VC about whether the healthy returns can continue for the sector.
0:44.9	I'm Leslie Picker in from Melissa Lee coming to you live from Studio B at the NASDAQ.
0:49.6	On deck tonight, Carter Worth, Dan Nathan, Guy Adami, and Mike Co.
0:53.3	Thank you all for being here.
0:54.7	But we begin with the massive reversal on Wall Street. Euphoria over InVIDIA's
0:59.6	blockbuster earnings last night fading fast, the hyperscaler of more than 5% of the open, but ending
1:05.4	the day sharply lower. That whipsaw action took the major indexes down with it. The NASDAQ
1:10.7	giving up nearly 3% gain today to end the session down.
1:14.6	More than 2%.
1:15.7	The Dow swung more than 1,100 points from high to low in the S&P end of the day, more than 3% off.
1:22.0	Its highs all closed near their lows of the session.
1:25.0	Bitcoin also failing to get off the mat, continuing its
1:28.4	plunge toward the key $85,000 level. It's at a new low dating back to April. All of this action
1:35.1	pushing the VIX above 28 at its highs. Wall Street's so-called fear gauge closed at its highest
1:40.8	since April. So what does today's action tell us about what to expect through year end?
	...

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