What will it take to get tech stocks rising again? An unemployment rate above 4%

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. U.S. stocks rose Monday as the market tried to recover from last week's brutal sell-off when the S & P 500 and tech-heavy Nasdaq dropped 3% and 5.5%, respectively. The selling was driven by concerns about higher-for-longer interest rates and escalating tensions in the Middle East.

"To me, that number said there's no need for rate cuts because we are growing this economy like mad," Jim said on Monday. Since then, it's been tough sledding for many high-growth tech names. What's the fix? The jobs market needs to cool. "I know one thing: If unemployment doesn't go above 4% then nothing matters." Jim wrote. 3.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Why Coterra is surging Friday while the stock market sits in oversold territoryThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

This portfolio health-care stock is a buy if its post-earnings pullback continuesThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Here are 4 quality names we brought more of in this week's oversold stock marketThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »