'Fast Money' Recap: Tech Shines On Dreary Day

Tech stocks brightened what was an otherwise dreary market on Monday.

The Dow Jones Industrial Average fell 64.11, or 0.80%, to 7,936.75, while the S&P 500 drop 0.45, or 0.05%, to 823.43. The Nasdaq added 18.01, or 1.22%, to 1,494.43.

Pete Najarian said on CNBC's "Fast Money" TV show that tech stocks like Apple (AAPL Quote) and Research In Motion (RIMM Quote) continue to perform well in a difficult environment.

Karen Finerman said tech companies are able to do because they have better balance sheets, and Tim Seymour noted that even semiconductor companies are starting to look good as they may be feeling the bottom of the trough.

Jeff Macke, though, said the tech rally is not sustainable. He said it's merely time for tech stocks in a trader's market.

Pete Najarian said a lot of companies like SanDisk(SNDK Quote) are beating lower expectations.

Dylan Ratigan shifted to the banking sector and a discussion on the delay in Washington in formulating a plan for TARP II.

Finerman didn't see anything wrong with the delay. "They don't have to rush to a solution," she said, adding what they are working on is "one of the most sweeping regulatory changes we've ever seen. They should take time to think it through."

She added that equity holders should be put last in any proposed solution arrived at.

Najarian said some companies like Morgan Stanley (MS Quote) and Goldman Sachs (GS Quote) continue to move forward and distance themselves from those that are struggling with toxic assets.