Why the 'bad news is good news' trend didn't work with Monday's economic data

📆 6/3/2024 7:17 PM
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Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Industrials lead the decline: Stocks are down to start the week and the trading month of June — giving back some of Friday's gains — as investors worry about economic growth. The industrial sector got slammed after the Institute for Supply Management's manufacturing PMI index fell 0.5% percentage points to 48.

Truck transmissions sit on pallets at the Eaton Corp. manufacturing facility in San Luis Potosi, Mexico, on Wednesday, May 27, 2020.Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

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