Stocks were mixed in intraday trading Monday with the Dow down 147.11 points, the Nasdaq Composite up 2.02 points and the S&P 500 down 10.22 points.
Having a little fun with Action Alerts PLUS senior analyst Jeff Marks, Jim Cramer said when stocks he loves like Mastercard (MA) - Get Mastercard Inc. (MA) Report, Linde (LIN) - Get Linde plc (LIN) Report and Wynn (WYNN) - Get Wynn Resorts, Limited (WYNN) Report go down, he gets down.
All three names were lower as of intraday trading.
So what’s going on?
Cramer attributed Monday’s stock action to broader economic concerns amid the continued spread of the delta variant of the coronavirus.
“People are saying ‘oil weak, economy weak, sell industrials,’” Cramer said.
Recap TheStreet Live: Everything Jim Cramer Is Watching 8/9
Linde, Mastercard and Wynn are holdings in Jim Cramer's Action Alerts PLUS charitable portfolio.