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CNBC's "Fast Money"

Stocks Snap Losing Streak… And Tesla Earnings On Deck 4/22/24

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 22 April 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks getting a reprieve after last week’s tech-led selloff as investors gear up for Big Tech earnings. So will those results keep markets afloat? Plus Where gold could be heading next. And All eyes on Tesla. The EV maker gearing up to report after a brutal start to the year. So can this stock pull a U-turn, or will investors continue to unplug? Fast Money Disclaimer

Transcript

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0:00.0

Live from the NASDAQ Market Day in the heart of New York City's Times Square.

0:04.0

This is fast money.

0:05.0

Here's what's on tap tonight. Big Tech on deck.

0:08.0

Meta, Microsoft Alphabet, Tesla, all set to report this week,

0:12.0

but after the stock's recent sell-off will the results give

0:15.3

them a boost or more cause or concern we're going to talk it out.

0:19.0

Plus a Bitcoin bounce the having has happened and prices are back on the rise so can gains keep

0:24.7

coming and what's next for the crypto space our Bitcoin baller BK is here to

0:29.8

break it down and a deal under fire the FTC moving to block tapestries acquisition of Michael

0:35.9

Core's parent Capri. Why the move and what does it mean for the two companies futures?

0:41.4

I'm Courtney Reagan in this evening for Melissa Lee coming to

0:43.8

you live from the studio be here at the NASDAQ market site on the dust tonight

0:47.8

we have Carterworth, Courtney Garcia, Dan Nathan, and Guy Adami. And so we're going to start with the sigh of relief for stocks after last week's tech-led sell-off,

0:56.5

the S&P 500 surging nearly 1% to snap a six-day losing streak.

1:01.1

The Dow gaining 250 points, the NASDAQ leading the charge

1:04.0

up 1.1%. Markets did close off their highs of the session though and are still well

1:09.2

below their recent records. The S&P down over 4% in the past month and the NASDAQ down nearly 6% in that same period of time.

1:16.7

All 11 S&P 500 sectors were in the green today with a note tech, the notable standout.

1:22.4

Invidia leading that group higher up more than four with a note tech the notable standout

1:22.5

in video leading that group higher up more than 4% for its best day in over a month

1:27.0

but of course this comes after Friday's 10% sell-off.

1:29.9

In fact all of the so-called Magnificent Seven stocks, with the exception of Tesla finishing the day higher.

...

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