The markets were off to a choppy start on Friday, Sept. 10 with the Dow giving up its gains within the first hour of trading.
TheStreet's Martin Baccardax noted that Wall Street turned its attention away from the news of a ninety-minute call between President Joe Biden and China's Xi Jinping. It was offset by faster-than-expected factory-gate inflation data and the ongoing rise in domestic COVID infection rates.
August producer prices rose 8.3% from last year, the Labor Department said Friday, a faster-than-expected headline reading that was the largest on record but largely fueled by supply-chain disruptions linked to coronavirus pandemic.
So, what is Jim Cramer watching in the markets?