Stocks were fluctuating in intraday trading on Monday. Over the weekend, the U.S. reported 30,000 new cases of the coronavirus on Friday and Saturday.
The World Health Organization, meanwhile, reported more than 183,000 new global cases of the virus, the largest single-day increase by the organization's count, on Sunday.
The U.S. has 2.2 million coronavirus cases with 119,000 deaths.
California is seeing high numbers of people hospitalized with COVID-19, some of the highest numbers since the beginning of the pandemic. And California announced 4,515 new cases in a single day, which is the highest amount of new cases since the start of the pandemic.
Meanwhile, Apple announced that it is re-closing 11 stores in Florida, Arizona, North Carolina and South Carolina as infection numbers rise, adding to concerns that a resurgence in the coronavirus could lead to renewed lockdowns of businesses and a stalling of the rebound in economic activity.
So, with all of that, what is Jim Cramer watching in the market?
Watch the video above for more.
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