A huge day for markets as stocks surge and crude tumbles after the Strait of Hormuz reopens following the Israel-Lebanon ceasefire. The impact it’s having on airlines, cruise lines, builders and retail as the “war trade” unwinds. Plus, Netflix sinks after earnings and a leadership shake-up, Apple gets a boost on strong China shipment data, and we track biotech as the XBI biotech ETF hits 5-year highs. And a massive slate of tech earnings on deck next week — including Tesla and Intel.<br><br>Fast Money Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks Surge, Crude Tumbles as Hormuz Reopens… And Tech Earnings On Deck 4/17/26

CNBC's "Fast Money"

# Full Transcript

**Podcast:** CNBC's "Fast Money"

## Participants

- **Melissa Lee** (CNBC)
- **Tim Seymour** (CNBC)
- **Karen Feinerman** (CNBC)
- **Steve Grasso** (CNBC)
- **Mike Coe** (CNBC)
- **Katerina Simonetti** (Morgan Stanley Private Wealth)
- **Denton Cinquegrana** (OPIS (Oil Price Information Service))
- **Megan Casella** (CNBC)

## Transcript

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com slash marketupdatepodcast or find Schwab Market Update wherever you get your podcasts.

She loves it hot. He loves it cold. However you sleep, the pod by Eight Sleep adapts to you. Personalized temperatures keep you in deep sleep longer, so you wake up refreshed. Learn more at eightsleep.com. Live from the NASDAQ 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 S&P and NASDAQ 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 coming to you live from Studio B at the NASDAQ. On the desk tonight, Tim Seymour, Karen Feinerman, Steve Grasso and Mike Coe. We start off with 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, JetBlue, 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.

Toll Brothers, Lenard, D.R. Horton, housing-adjacent retail names like Williams-Sonoma and Lowe's also ticking higher. And for the week, risk on trades coming back to life. MAG7 stocks all jumping, adding a combined $1.5 tri...

Stocks Surge, Crude Tumbles as Hormuz Reopens… And Tech Earnings On Deck 4/17/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
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Stocks Surge, Crude Tumbles as Hormuz Reopens… And Tech Earnings On Deck 4/17/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.