Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Jim Cramer explains why the Nasdaq failed to rally on Monday
    Share

    Jim Cramer explains why the Nasdaq failed to rally on Monday

    userBy userJanuary 13, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    CNBC’s Jim Cramer examined Monday’s market action, saying the tech-heavy Nasdaq Composite failed to rally largely due to a unique one-two punch: The U.S. government and billionaire Meta CEO Mark Zuckerberg.

    “The tag team of the government and Meta may have been too much for everyone,” he said. “At the end of the day, though, buyers finally came in to find bargains in the semis and softwares and the drug stocks.”

    While the Dow Jones Industrial Average advanced 0.86% and the S&P 500 finished up 0.16%, the Nasdaq shed 0.38%. As Joe Biden’s administration comes to a close, it announced over the weekend new restrictions on semiconductor exports. And in an interview with Joe Rogan, Zuckerberg panned Apple, criticizing the iPhone maker for a lack of innovation, and he supported some of the claims in the Department of Justice’s antitrust case against the company.

    Cramer criticized the new export rule and said that such action is “short-sighted,” and the federal government shouldn’t intervene as heavily in the semiconductor world. He also called Zuckerberg’s comments “self-serving and one-sided,” adding that he was surprised to see such a public takedown of the peer company. Cramer also said the interview sets a bad precedent for Meta, adding that if he were Zuckerberg, he wouldn’t help the government go after Big Tech.

    Cramer compared tech to the pharmaceutical industry, another sector that faces restrictions from the federal government. He said some drug stocks were able to finish up on Monday because CEOs are managing to make solid cases for their products.

    “Are the charges against these two industries just glancing blows?” he asked. “Nah, this was just one day where the bond market didn’t crush every stock. Only the government and, yes, Meta did that job.”

    Meta did not immediately respond to request for comment.

    Jim Cramer takes the pulse of the healthcare industry at JPMorgan's healthcare conference

    Jim Cramer’s Guide to Investing

    Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

    Disclaimer The CNBC Investing Club Charitable Trust holds shares of Apple and Meta.

    Questions for Cramer?
    Call Cramer: 1-800-743-CNBC

    Want to take a deep dive into Cramer’s world? Hit him up!
    Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

    Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHunter Biden prosecutor says president’s criticisms undermine rule of law By Reuters
    Next Article Stock Market Today: Sell-Off Continues on Fewer Rate Cuts, AI Chip Rules
    user
    • Website

    Related Posts

    Asia markets live: Stocks rise

    April 9, 2025

    Amazon delays first Kuiper satellite launch due to bad weather

    April 9, 2025

    Trump says he does not want to see U.S. Steel go to Japan

    April 9, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d