Tech can’t find a background; Industrial and consumer stocks rebound

Tech can’t find a background;  Industrial and consumer stocks rebound

Jim Cramer on NYSE, June 30, 2022.

Virginia Sherwood | CNBC

Many companies were booked last week. We saw weakness in a host of industries, from media to gaming to cloud computing to software sales. The pain in the technology sector seems to have no limits, since this month we celebrate a year since the nasdaq it last closed at an all-time high. (To be clear, I’m not talking about the Apple (AAPL) statement Sunday night on iPhone 14 Pro and Pro Max issues due to production standoff due to covid restrictions in china. That’s because they are related to supply and not demand.)

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