Stocks Sputter to End a Rough Week, and the Chart Master Updates His “Most Controversial” Pairs Trade 9/22/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 22 September 2023
⏱️ 23 minutes
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| 0:00.0 | Indeed it does and thank you folks alive from the Nasdaq market site in the |
| 0:05.0 | heart of New York City's Times Square. This is fast money and here's what's on |
| 0:08.8 | tap tonight. Sputtering out stocks giving up early gains and ending in the red |
| 0:14.0 | on Friday. The latest blow in what has been an ugly week for the markets. The |
| 0:18.5 | S&P and Nasdaq both logging their worst five-day streaks since March. The |
| 0:23.2 | Dow less than half a percent from its 200-day moving average and that's not |
| 0:27.8 | moving in the right direction higher that's coming down toward it. So as we |
| 0:31.9 | count down to a likely government shutdown is there more pain ahead in the |
| 0:36.3 | week ahead plus striking out the UAW expanding its work stoppages at GM and |
| 0:41.4 | Stellantis plants and now President Biden may be joining the picket line. What's |
| 0:46.9 | it all mean for the auto industry and the suppliers? We're going to dig in on |
| 0:50.4 | that one and later in an otherwise rough week for markets one stocks gains |
| 0:54.7 | caught our trader's eyes the name far outpacing the broad indexes today and |
| 1:00.1 | where it's going next. Good afternoon everybody I'm Tyler Matheson in from |
| 1:04.9 | Melissa Lee coming to you live from Studio B at the Nasdaq and on the desk |
| 1:08.9 | tonight. Tim Seymour to my right, Bonouin Ice, and to my left, and Gaia Dami |
| 1:14.1 | wherever he is an undisclosed location we're glad to have you here. Yeah he's |
| 1:18.9 | somewhere out there we got it. We start on up Friday this Friday Fizzle on |
| 1:22.7 | Wall Street. Major markets all dropping to end the week despite earlier |
| 1:26.9 | gains today. The Dow down more than a hundred points about a third of a |
| 1:30.7 | percent the S&P 500 losing two tenths of a percent and even the Nasdaq |
| 1:35.7 | slipping into the red at the close but basically flat on the day. The loss is |
... |
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