Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place — binge watching.Entertainmentread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
CNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more
CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.Marketsread more
Western Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances...CNBC Disruptor 50read more
Confused by the price action in Wednesday's market? Jim Cramer understands.
"There were some huge disparities in the stock market today," Cramer said, "particularly the weakness in industrials and multinationals versus the strength in broad S&P 500. "
If the economy is getting better you'd think all these stocks would rally, and if it's faltering they should all decline.
The issue appears to be China.
"You see, right now this market is closely watching signs of slowdown in China. Although China issues economic numbers, they're deemed unreliable by Wall Street, so instead pros draw conclusions about China through the price action in raw commodities, particularly copper and oil," said Cramer.
And the price action in these two bellwether commodities was not good on Wednesday.
"From the looks of copper, which I monitor by looking at the JJC, China is slowing down at a faster pace than we thought. "
"Meanwhile, crude oil has been headed down for the last few days, but today's $2 decline in crude took lots of investors by surprise. I could hear the gears turning in these money managers' heads as if they were thinking, 'We can dismiss what copper might be saying, but we can't dismiss what both copper and oil are saying.' "
Therefore, when crude oil seemed to confirm what copper had been suggesting, investors turned negative on industrials, materials and other areas of the market.
"You can see how truly worrisome the price action in copper and oil is, if you own shares in American companies that do business overseas," Cramer said.
Hence the selling.
Read more from Mad Money with Jim Cramer
Bullish declines? Cramer says yes!
Growth bulls for rent
2 stocks that deserve more attention
However, a slowdown in China isn't necessarily negative for all companies. "In fact, it's good news for many of them," Cramer said.
Therefore other stocks rallied.
"For example General Mills, Clorox and Procter & Gamble are all huge users of these commodities. So when China sends those commodities lower, these big consumer product companies are more profitable. "
In fact, enough stocks benefit that the S&P 500 was able to close higher.
"I know this kind of action must seem downright confounding," Cramer said. "But it's how the market works and precisely why I so often say you have to stay diversified."
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org