Jim Cramer Calls Market 'Terrible,' Explains Why Stocks Can't Rally Wednesday

What's driving the markets on Wednesday, March 3? 

The Dow was pushing to stay higher in intraday trading, while the S&P and the Nasdaq were lower. 

The ADP National Employment Report released Wednesday showed jobs in the private sector rose by 117,000 last month, down from a revised 195,000 in January and below estimates that called for a gain of 225,000.

Jim Cramer had one word to describe Wednesday's stock action: Terrible.

Cramer said investors filing into the industrials is leaving stocks lower into intraday trading. "There aren’t enough industrials to get a rally," Cramer said. 

Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Wednesday

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.