Tech can’t find a bottom; industrial, consumer stocks bounce

Jim Cramer at the NYSE, June 30,2022.

Virginia Sherwood | CNBC

Lots of companies got clocked final week. We noticed weak point in a host of industries everything from media to gambling to cloud computing and application profits. The agony in the technological innovation sector seems to know no bounds, as we mark just one yr in the past this month given that the Nasdaq very last closed at a record higher. (To be distinct, I am not chatting about the Apple (AAPL) release from Sunday evening about the Iphone 14 Pro and Professional Max concerns due to a showdown in generation because of to Covid restrictions in China. Which is for the reason that individuals are supply not demand associated.)