July 1, 2022

Jim Cramer: ‘Rise of Machines’ worsened stock market plunge

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CNBC’s Jim Cramer blamed trading algorithms for Tuesday’s stock-market plunge. The Dow Jones industrial average’s 800-point tumble on Tuesday “was all about the rise of the machines,” Cramer explained on “Mad Money.” The investment guru said complex algorithmic programs, set up by professional money managers to sell when the odds of future market losses increase, […]