- CNBC’s Jim Cramer examined Monday’s market action, saying the tech-heavy Nasdaq failed to rally largely due to a unique one-two punch: The U.S. government and billionaire Meta CEO Mark Zuckerberg.
- The Biden administration announced new restrictions on semiconductor exports, and Zuckerberg panned Apple in an interview with Joe Rogan.
- “The tag team of the government and Meta may have been too much for everyone,” he said. “At the end of the day, though, buyers finally came in to find bargains in the semis and softwares and the drug stocks.”
CNBC’s Jim Cramer examined Monday’s market action, saying the tech-heavy Nasdaq Composite failed to rally largely due to a unique one-two punch: The U.S. government and billionaire Meta CEO Mark Zuckerberg.
“The tag team of the government and Meta may have been too much for everyone,” he said. “At the end of the day, though, buyers finally came in to find bargains in the semis…
