rallied 1.36% and 0.78%, respectively. The latter, which is loaded with technology components, is now within 140 points of its record close in February, prior to the coronavirus-induced market meltdown.
Cramer said there was a "wholesale shift" in what stocks investors are buying on hopes of a V-shaped recovery from the Covid-19 lockdown. "Today, we cheered when we saw that ADP report, even though it could potentially be an aberration, a number that's too bullish," he said. "We'll find out for sure on Friday when we get the Labor Department's nonfarm payroll report."Investors are rotating stock holdings from the stay-at-home plays to the recovery ones, Cramer said. Money is also being pulled out of the bond market, he added. The yield on U.S.
Drug stocks were also dumped by investors, and gold is less attractive when the economy appears to be recovering, he said. "The major drug stocks either got pummeled or badly lagged the averages — they're too consistent for this market," Cramer said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Journalists promoting govt economic puppetry are intellectually dishonest.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China and Europe 'bailed our stock market out,' Jim Cramer says'If the rest of the world's in better shape, well, that is fantastic news for our companies that do lots of business overseas,' the 'Mad Money' host said. I was sure it was the Federal Reserve . What about the Fed!? I dont believe that. It was the US Federal RESERVE. jimcramer GETTING WORRIED HE WILL BE HELD ACCOUNTABLE BY JoeBiden IN NOVEMBER AND GET TAXED UP TO THE MOOOOON 🚀🚀 CapitalPrivate1 AOC TRYING TO SHIFT THE BLAME. WE SEE IT !!
Source: CNBC - 🏆 12. / 72 Read more »
'The stock market doesn't care about social justice': Jim Cramer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. but apparently, the mkt doesn't care about PRICE DISCOVERY. WHAT BULLSHIT, WHAT FRAUD. Keep printing that money suckers
Source: BusinessInsider - 🏆 729. / 51 Read more »
Jim Cramer on Wall Street's relation to George Floyd protests: 'The market has no conscience'The 'Mad Money' host worries how the nationwide protests, which he generally supports, could impact the fight against coronavirus. Jim Cramer needs to study history. And trump just declared war on America! BlackLivesMatter Live footage from CNBC
Source: CNBC - 🏆 12. / 72 Read more »
Camping and RV stocks are 'back in a big way,' Jim Cramer says'I think the pandemic has given the industry a huge long-term boost,' the 'Mad Money' host said. All the Parks and area for them have been packed for years during summer. What do they plan to do with them ? Maybe live in them.
Source: CNBC - 🏆 12. / 72 Read more »