Investing

Cramer reluctant to buy market bounce, says ‘silly sellers’ could hit stocks

0


CNBC’s Jim Cramer said he doesn’t feel comfortable buying into Monday’s early stock market bounce, following Friday’s omicron-driven plunge, because the selling could resume in the event of future negative news about the highly mutated Covid variant.

The Dow Jones Industrial Average — which had been up nearly 400 points, or more than 1%, shortly after Wall Street’s open — gave up some of those gains. However, the S&P 500 and the Nasdaq were hanging on to most of their early session gains, advancing roughly 1% and nearly 1.5%, respectively. All three stock benchmarks sank more than 2% on Friday and finished lower last week.

Cramer said on “Squawk on the Street,” before Monday’s open,…



Source cnbc.com

0 0 votes
Article Rating

Financial advisors can give newlyweds financial compatibility as gift

Previous article

Investors should be wary of predictions for average returns in 2022

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Investing