Shares of Bed Bath and Beyond plummeted when the retailer reported earnings below expectations, and went on to reduce forward-looking projections. Elsewhere in the market, Family Dollar is expected to report numbers before the bell to start today's trading day. And Jim Cramer is taking an opportunity to buy on the dips--find out which bank he's buying into on The Street's Global Markets Report. Jonathan Marino at the Nasdaq Market Site in Times Square on January 9, 2014.

More from Video

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

KPMG Chair & CEO: There's No One-Size-Fits-All Approach to Diversity

KPMG Chair & CEO: There's No One-Size-Fits-All Approach to Diversity

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer: Intuit Had a Fantastic Quarter