The blue-chip index closed at 31,521.69 after inching up 27 points, or 0.09%. The S&P 500 experienced its fifth-straight day of losses, pulling back 0.77% to 3,876.50. The Nasdaq saw its worst day in nearly a month, falling almost 2.5% to 13,533.05.
The tech, consumer discretionary and utilities sectors were among the biggest losers that day, while energy and financial stocks outperformed. While the U.S., which has the highest Covid-19 death toll in the world, reached another grim milestone earlier in the day with 500,000 casualties, the country's daily new case count is declining from a surge during the holiday season. Investors are growing optimistic that governments will continue to relax restrictions on businesses.
"Think about what you'll do when the economy reopens and, like most Americans, your balance sheet's never looked better because there's been nothing to spend your money on," Cramer said. "That's how you get half of this move, the consumer side. The other half? It's about what the reopening means for business and what we do overseas."
Some of Cramer's favorite plays for this moment are in the travel sector, which has been severely hobbled by the pandemic. His picks include
Cramer the fool on the hill, millennials are laughing
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