'Remember, good things can still happen, but don't get overconfident, because bad things can happen, too,' Jim Cramer says.
over antitrust concerns, he said. Each of the tech giants saw its stock surge between 1.5% and 3.7% during Tuesday's session, helping carry the tech-heavy Nasdaq index about 194 points higher."Suddenly the government's gotten [religious] on antitrust, at least in the tech sector, and that's not great for these colossal companies," Cramer said.
Outside of tech, Federal Reserve Chair Jerome Powell's comments on Tuesday helped the banks and overall market rally, Cramer said. Powell said the central bank would monitor the trade wars and "act as appropriate to sustain the expansion."'s stock, which is within roughly $3 of its $45 IPO price, as the ride-hailing company expands into into delivery and logistics.
Industrials gained as interest rates showed signs that the economy could be in better shape than previously thought; the semiconductor sector moved higher even though the group is slowing; and Cramer's so-called"Today was a textbook example of why you should always buy stocks when the market gets clobbered," Cramer said. "Remember, good things can still happen, but don't get overconfident, because bad things can happen, too.
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