A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
Put in pla help prop up the economy during the great recession. Its plan is to begin rolling off its 4. 5 trillion damage sheet, which consists mostly of treasuries and mortgagebacked securities. Officials also hint one more Interest Rate rise this year is likely. As a result, bond yields rose and stocks why volatile. The Dow Jones Industrial average advanced 22 points to an alltime high. The nasdaq was off five. S p 500 rose one, also a record. Hampton pearson has more on the new era the fed will begin ushering in. Reporter as expected, janet yellen and her fellow monetary policymakers left Interest Rates unchanged and announced the beginning of a plan to start trimming the more than 4 trillion worth of bonds and mortgagebacked securities purchased by the feds to combat the financial crisis and the recession. Our Balance Sheet will decline gradually and predictab for october through december, the decline in our Securities Holdings will be capped at 6 billion per month for treasuries a
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