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CNBC's "Fast Money"

Stocks Jump As America Votes… And Cathie Wood Weighs in on Tech 11/5/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 5 November 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks climb as Wall Street awaits the Presidential election results. How the markets will fare when a winner is called, and how it could impact your money. Plus Ark Invest’s Cathie Wood weighs in on how the election will impact tech, the growth trade, and much more. 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

0:05.8

fast money. Here's what's on tap tonight. Markets rallying this election day as we start to get

0:10.1

early reads from the polls, but where do we go in the days and the weeks to come? We sit down with

0:15.4

ARC-Invest CEO, Kathy Wood, to find out how she thinks the results will impact high growth investments. And super

0:21.7

micro in focus, the semi-company posting its first earnings report since its lead lead auditor

0:27.4

quit, she tried to say, and what to make of the numbers and how to trade that sector. Plus,

0:31.5

Palantir pops to record highs when investors lose their bet on the casino stock and Boeing's

0:36.7

machine is to prove a deal to end a seven-week long strike.

0:40.1

The trades on all of those moves are coming up.

0:43.0

I am Courtney Reagan in this evening for Melissa Lee.

0:45.2

Coming to you live from Studio B at the NASDAQ.

0:48.0

On the dust tonight, we have Tim Seymour, Karen Fireman, Dan Nathan, and Guy Adami.

0:52.8

And we start with some solid market gains this election day, all three indexes, up a percent or more.

0:58.5

The S&P and NASDAQ less than 2 percent from record highs.

1:02.2

Every sector in the S&P up today with consumer discretionary and industrials leading the gains.

1:07.0

And MAG 7 names also higher today.

1:09.8

Invidia overtaking Apple to become the biggest

1:12.6

publicly traded company for the first time since mid-June. So is today's action the market,

1:18.7

are we breathing a sigh of relief that we will soon be able to put this election uncertainty

1:23.0

behind us? Tim, what do you think? What is the market telling us? How are you feeling, the people

1:28.5

you're talking to? Where are we right now? Well, I think the VIX tells you a story of a market

1:32.8

where there's a little less volatility, but it's still trading at 20. And I think that the market

...

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