Jim Cramer says Wall Street punishing wrong tech stocks — CNBC
cnbc.com reported that Jim Cramer said Wall Street is punishing the wrong tech stocks, noting that disappointing results from one company don't necessarily signal trouble for an entire industry.
What happened
Cnbc.com reported on Oct 29, 23:00 UTC that Jim Cramer says Wall Street is punishing the wrong tech stocks. The piece was presented as a news story under the headline "Jim Cramer says Wall Street is punishing the wrong tech stocks."
cnbc.com wrote: "Disappointing results from one company don't necessarily signal trouble for an entire industry." The report did not list other publishers as also reporting the item.
Indices market context
As of Oct 29, 20:00 UTC the SPY ETF was $769.36 and fell 0.38% from the prior close; the QQQ ETF was $715.34 and fell 1.42% from the prior close; the DIA ETF was $522.73 and fell 0.37% from the prior close; the IWM ETF was $284.01 and rose 0.97% from the prior close; the EWG ETF was $42.41 and rose 1.46% from the prior close; the EWU ETF was $47.70 and rose 0.87% from the prior close; the EWJ ETF was $94.94 and fell 0.05% from the prior close; and the VIXY ETF was $16.66 and fell 2.12% from the prior close. Finnhub.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $769.36 | -0.38% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $715.34 | -1.42% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
| Dow Jones Industrial Average (via DIA ETF) | $522.73 | -0.37% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
| Russell 2000 (via IWM ETF) | $284.01 | +0.97% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
| DAX 40 (via EWG ETF) | $42.41 | +1.46% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
| FTSE 100 (via EWU ETF) | $47.70 | +0.87% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
| Nikkei 225 (via EWJ ETF) | $94.94 | -0.05% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
| CBOE Volatility Index (via VIXY ETF) | $16.66 | -2.12% | vs prior close | Oct 29, 20:00 UTC | Finnhub |
Related coverage
Yahoo published a piece titled "Google Burned Through $9 Billion in Cash Last Quarter, and Wall Street Shredded Alphabet Stock for It."
thestockmarketwatch.com published "Tech Sector Slump Drags Nasdaq Lower as Earnings Season Hits Fever Pitch."
- Jim Cramer says Wall Street is punishing the wrong tech stocks — cnbc.com, Oct 29, 23:00 UTC
- Wall Street closes higher as Fed holds key rate steady — businessnews.com.au, Oct 29, 00:06 UTC
- ServiceNow's AI boom faces a big test: Can it reassure Wall Street? — Yahoo, Oct 29, 20:19 UTC
- Google Burned Through $9 Billion in Cash Last Quarter, and Wall Street Shredded Alphabet Stock for It — Yahoo, Oct 29, 20:23 UTC
- Tech Sector Slump Drags Nasdaq Lower as Earnings Season Hits Fever Pitch — thestockmarketwatch.com, Oct 29, 18:07 UTC
What to watch
The Employment Cost Index is scheduled for Fri Oct 30, 12:30 UTC.
- Fri Oct 30, 12:30 UTC — Employment Cost Index (US) (source)
Sources and data
- cnbc.com (secondary source) — Jim Cramer says Wall Street is punishing the wrong tech stocks
- businessnews.com.au (secondary source) — Wall Street closes higher as Fed holds key rate steady
- Yahoo (secondary source) — ServiceNow's AI boom faces a big test: Can it reassure Wall Street?
- thestockmarketwatch.com (secondary source) — Tech Sector Slump Drags Nasdaq Lower as Earnings Season Hits Fever Pitch
- Finnhub (market data) — market data
- U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
- U.S. Bureau of Labor Statistics (primary source) — calendar
- U.S. Energy Information Administration via FRED (primary source) — calendar
- Bank of England (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Oct 29, 20:00 UTC; report generated Oct 29, 23:40 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Dow Jones Industrial Average
A price-weighted index of 30 large US blue-chip companies, first published in 1896 and one of the oldest stock market indices.
Russell 2000
An index of roughly 2,000 small-cap US companies — the smaller members of the Russell 3000 — and the main benchmark for US small caps, which tend to be more sensitive to domestic growth and borrowing costs.
Sources & data
- cnbc.com (secondary, retrieved Oct 29, 2026, 11:42 PM UTC)
- businessnews.com.au (secondary, retrieved Oct 29, 2026, 11:42 PM UTC)
- Yahoo (secondary, retrieved Oct 29, 2026, 11:42 PM UTC)
- thestockmarketwatch.com (secondary, retrieved Oct 29, 2026, 11:42 PM UTC)
- Finnhub (market-data, retrieved Oct 29, 2026, 11:42 PM UTC)
- U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 29, 2026, 11:42 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 29, 2026, 11:42 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 29, 2026, 11:42 PM UTC)
- Bank of England (primary, retrieved Oct 29, 2026, 11:42 PM UTC)
- Federal Reserve (primary, retrieved Oct 29, 2026, 11:42 PM UTC)
Market data as of Oct 29, 2026, 08:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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