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CNBC's "Fast Money"

The Dow Surges Nearly 750 points and the Small Caps Hit Best Level in Two-Plus Years 7/16/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 16 July 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

The industrial average posted its biggest point gain since November 2022 as investors rushed out of the red-hot tech trade and into the tried but true. Is this the sign that the Great Market Rotation has taken hold? And where does it go from here? Plus China sales weighing on luxury retail results recently. Is this a sign that that consumer is under real stress? And how will shifting China policy impact that economy? Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live from the NASDAQ market site in Times Square, this is Fast Money on a day.

0:05.4

The S&B hits the 38th record close of the year.

0:10.6

Here's what's on tap for tonight. The great rotation

0:13.0

investors have been rushing into trades that have flagged this year, what that means

0:17.0

for the rest of the market and the names that have been red-hot. China descending a

0:21.0

flagging consumer, questions over trade, there's a lot at stake, how it will

0:25.2

play out for the markets in their economy.

0:27.4

Later on, ensuring gains in UNH, airlines about to take off and an industrial that's quietly constructing major

0:34.6

gains over the last week will bring you those traits. I'm Carl Ketonia

0:38.0

and for Melissa Lee live from Studio B at the NASDAQ on the desk tonight Steve

0:41.4

Grasso, Karen Finerman guy Adami and

0:44.2

Katie Stockton founder and managing partner at Fair Leeds Strategies guys what a day to

0:49.0

fill in.

0:50.0

Hall of Fame he's in the whole thing it's like in golf you can make the Hall of Fame. Fame, he's in the Hall of Fame.

0:53.0

It's like in golf, you can make the Hall of Fame while you're still playing.

0:55.8

That's called.

0:57.4

Let's begin with the Dow today, surging to that fresh record high, industrial's far outpacing

1:02.1

the major averages of 742 points.

1:05.6

Biggest gain since November of 22.

1:07.8

SOP also notches the record close the path of percent NASDAQ with a small gain.

1:12.1

But beating all of those small caps Russell

1:14.9

two thousand three and a half percent highest level since January 22 over the

...

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