Tech Selloff: Jim Cramer Explains Cross Currents Impacting Stocks

This post was originally published on this site

Stocks were lower in intraday trading on Tuesday, May 4

And TheStreet’s Joseph Woelfel noted that shares of tech giants remaining under pressure as investors rotated into higher-yielding value stocks and sectors poised to benefit from the economy’s recovery.

Losses gained momentum after Treasury Secretary Janet Yellen was quoted as saying that big spending plans by the U.S. government could mean “interest rates will have to rise a little bit to make sure our economy doesn’t overheat.”

Recap TheStreet Live: Everything Jim Cramer Is Watching Tuesday

Related Posts