Live in the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight. Rally on, the SNP in NASAC hitting records for the third straight day and the Dow jumping as much as 1,100 points at its highs.

We'll take a look at some of the slew of superlatives this markets have hit this week and whether the momentum can possibly continue.

But it wasn't all green arrows on Wall Street, energy stocks posting a third straight week of losses,

their worst run since late 2024, how our traders are playing the massive move lower.

Plus, a streaming glitch for Netflix shares, Apple gets some love from Wall Street,

and five-year highs for biotech stocks, the names leading the gains, and how much higher they could go from here. I'm Melissa Lee. I'm with you live from studio B at the NASDAQ. Tim Seymour, Karen Feinerman, Steve Grasso, and Michael Co. We start off with the major moves on Wall Street stocks surging to new records and oil plunging as investors pile in on end-of-war hopes.

Iran declaring the Strait of Hormuz completely open just a day after Israel and Lebanon agreed to a 10-day ceasefire.

The Dow surging nearly 900 points, the S&P and NASDAQ both hitting all-time highs for a third straight day.

The tech heavy index now on a 13-day winning streak. That's its longest

since January 1992. A couple big moves catching our eye in particular today. Anything in the

travel trade ripping higher on the oil drop. United, jet blue, American Delta Airlines all soaring.

Royal Caribbean, Norwegian, Carnival Cruise Lines also jumping.

Take a look at hotel stocks like Marriott and Hilton.

They were catching a bit as well.

Homebuilders and retail also higher, told brothers, Lenard, D.R. Horton, housing adjacent retail names like William Sonoma and Lowe's also ticking higher.

And for the week, risk on trades coming back to life, Mag 7 stocks all jumping, adding a combined $1.5 trillion in market cap just since Monday.

Long-lagging Microsoft seeing its best week since 2015 and Tesla, breaking an eight-week downdraft with a nearly 15% gain.

Quantum stocks also ripping higher.

I&Q scoring 60%. And even crypto rebounded. Bitcoin now

trading above $77,000. Robin had posting its second best week since going public. So,

stocks set records with all of these eye-popping moves, is risk gone back? Is this rally safe?

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