Right now on fast, arrived for the ages.

The major averages lumped big time at the Open Borscht, staging a rip-roaring rally

the Dow surging 1,500 points from its lows to the highs of the session.

Was today's move just a short-covering bare bounce or something more?

Plus, Netflix and a short chill.

The streamer taking the rafts off the pricing model for its ad-supported service to

street giving the move a big thumbs up.

The Netflix just won the latest round of the streaming wars, and later is now the time

to bank on strong bank earnings.

And energy stocks keep pumping profits, and one of our traders, ringing the register

on a winning move in Tesla, he'll explain this in options action.

I'm Melissa Lee.

This is Fast Money Live from the Nasdaq Market Sight on the desk tonight.

Tim Seymour, Courtney Garcia, Dan Nathan, and Guy Adami.

We start off with a great market rebound, stocks bouncing back from steep losses early

in the day.

To close sharply higher, the S&P finishing up 2.6 percent after briefly dropping below the

3,500 market posted its biggest single-day swing since March of 2020.

The dowry bounding nearly 1,400 points from low to close.

And the Nasdaq agrees some more than 3 percent lost to finish the day with more than a 2 percent

gain.

The move's coming despite a hotter than expected inflation report, the latest CPI data

...