Jim Cramer, the host of CNBC’s “Mad Money,” has advised investors to hold off on making any major decisions in response to the recent market turbulence.
What Happened: Cramer, on his show, discussed the market’s volatile behavior on Tuesday, advising investors to exercise caution, reported CNBC on Tuesday. He noted that the market experienced a reversal on Tuesday, with major tech stocks taking a hit while other sectors, such as banks, automakers, and steelmakers, saw gains.
The Nasdaq Composite dropped 0.76%, the S&P 500 fell 0.06%, and the Dow Jones Industrial Average rose 0.35%.
"There's just too much noise here, let's just wait and see," he said.
"Let's sit on our hands and process all the information coming at us before we take any action."
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Cramer urged investors to pay attention to the earnings reports that were due on Tuesday night and to take note of analysts’ reflections. He highlighted that while Microsoft (NASDAQ:MSFT) reported strong ...