Jim Cramer on CNBC’s Mid-Time Report.
Scott Mlyn | CNBC
By CNBC Jim Cramer says tech stocks could bottom out on Thursday, a day after Nasdaq3.3% decline due to rising bond yields and Federal Reserve tighten concerns.
The “Mad Money” The host said he’s glad there’s so much negativity in the market because as a stock picker for his charity, there are so many names for sale.
Nasdaq futures fell on Thursday, even as the Dow edged higher.
Nasdaq’s slide Wednesday was its biggest one-day drop since February 2021. The Dow Jones Industrial Average and S&P 500 on Wednesday fell 1% and nearly 2%, respectively, after closing at record highs. at the beginning of this week.
Cramer said he was encouraged by Thursday’s Nasdaq money market drop because “finally sellers burn out.”
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