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CNBC's "Fast Money"

The S&P Notches a Historic Milestone and What’s Next for Japan? 2/9/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 9 February 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

The S&P notched another record close, this time finishing the session over 5,000 for the first time ever. Even the Nasdaq briefly traded above 16K, its best level since November 2021. What’s next for these indexes, and will next week’s big econ reports bolster the gains? Plus Japan’s Nikkei at a new 34-year high. We dive into the charts to find out what’s next. Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nazac Market site in the heart of New York City's Times Square.

0:04.4

This is Fast Money. Here's what's on tap tonight. A historic close, the S&P, finishing the day above

0:09.6

5,000 for the first time ever. And not to be forgotten, the Nazac crossing the 16K mark for the first time ever and not to be forgotten the NASDAQ crossing the 16-K

0:14.3

mark for the first time since late 2021 closing just below that level but what

0:19.6

will the slew of big e-com reports coming next week due to this rally will debate that plus the

0:24.8

sun rising on Japan the country's Nikk index hitting a 34-year high overnight

0:28.7

it is now up 11% already this year can the run keep? We were diving into the charts to find

0:33.7

out and later chips rip even higher as NVIDIA hits yet another all-time high.

0:38.5

Coinbase rallies ahead of its earnings report but one big bear says shares are

0:42.3

going lower.

0:43.4

The countdown to kickoff, contested Brewers in Vegas for the big game, she's got the latest

0:47.6

odds and the trades and the sports betting stocks.

0:50.3

I'm Melissa Lee coming to you live from Studio B at the Nasak on the desk tonight Tim Seymour

0:53.8

Cepraso, Guaidami and Julie Beale.

0:56.6

We start off with Wall Street's record-breaking run, the S&P 500 closing above 5,000 for the first time ever,

1:02.3

securing its fifth winning week in a row.

1:04.6

In fact, it is up 14 of the last 15 weeks, dating all the way back to October.

1:10.4

The Nasak also hitting a milestone today, the Tech Heavy Index trading above 16,000 for the first time since November 2021 earlier today.

1:17.0

It is now less than half a percent away from its own all-time high, the Dow virtually flat on the day. The strong week for stocks coming

1:24.7

ahead of another busy week of earnings. Coca-Cola, Cisco, Deer, Lift all on the calendar

1:30.1

as well as C. P. P. P. P. P. P. P. P. P. P. P. P. P.

1:32.2

Will these headlines keep this rally going it certainly seems like we want to go higher Tim

...

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