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Stocks came charging out of the gate, inspired by oil's drop and the dollar's surge, but weakness in technology stocks sucked the air out of the rally.
As long as these two sectors are up, Cramer's willing to live with a little market volatility.
Stocks kicked off September with a rally, inspired by the more than $7 drop in oil prices and a surge in the dollar.
Calling all shoppers: If the presidential elections were held today, for whom would you vote? It turns out your shopping habits could be an indicator of that decision, according to a recent survey.
Medal Round - Day 8: Another tough day. Only three days to go and the S&P 500 is barely in positive territory. A 1% spread with the Swiss Market Index remains. Will the USA be able to hold on?
Where some countries' troubles are just getting started, we look to be coming out of ours here at home.
A down day in Wednesday's market doesn't tell the whole story, Cramer says.
Stocks will be on inflation watch Thursday. Volatile trading in oil and commodities promises to spill into the stock market again. On Wednesday, energy and other commodities rose, reversing a selling trend and worrying investors, who have been hoping for a reprieve from inflation.
The Dow declined by triple digits on Wednesday with financial shares selling off for a second straight day on fresh concerns about the widening impact of the mortgage crisis.
Stocks closed lower, hurt by rising oil prices and fresh worries about the financial sector, though the market ended off its lows for the day.
Banks stocks dragged down the broader stock market on Wednesday with Merrill analyst Richard Bernstein writing the credit crisis is “far from over.”
Stocks opened lower amid signs that the consumer was buying fewer goods that will cost more in the future.
The Bank of England cut its GDP forecast and said inflation might hit 5 percent, well above the target rate. Despite the inflation worries, the bet is still tilted toward the BoE cutting rates before they raise them.
Macy's reported a slightly lower quarterly profit Wednesday, saying it outperformed its major competitors despite economic pressures.
Stocks should continue to take most of their cues from oil and the dollar Wednesday, but July retail sales data could also be key.
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Stocks could sprint higher into the coming week, as a strengthening dollar and declining commodities prices encourage buyers hoping for a reprieve from inflation.
Oil was down last week, and we had some decent economic numbers on Friday, so the questions on everyone's mind is what groups might be overbought/oversold to play for a short-term bounce. The chief groups are energy and financials.
Stocks remained fairly range-bound this afternoon, but finished slightly to the upside. The Dow’s 119-point range today is its narrowest in just over a month. However, many of the sectors that performed poorly yesterday continued to be disappointing today.
Following are the week’s biggest winners and losers. Find out why shares of Intel and General Motors popped while ConocoPhillips and AMD dropped..