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Markets Rally as Congress Reaches a Debt Deal, and BABA Posts 5th Best Day Ever Description:

Markets Rally as Congress Reaches a Debt Deal, and BABA Posts 5th Best Day Ever Description:

The S&P posted its third straight day of gains and closed at its highest level of the month after Congress reached a deal on the debt ceiling. But with rates rising as well, where are markets going from here? Meanwhile, Alibaba jumped more than 8% for its best day since April and its fifth best day on record. We break down the big bet that drove the rally.

CNBC's "Fast Money"

October 7, 202143m 58s

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Show Notes

The S&P posted its third straight day of gains and closed at its highest level of the month after Congress reached a deal on the debt ceiling. But with rates rising as well, where are markets going from here? Meanwhile, Alibaba jumped more than 8% for its best day since April and its fifth best day on record. We break down the big bet that drove the rally. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.