Cramer says U.S. won't need lockdowns to manage the omicron surge, and that's good for stocks

CNBC's Jim Cramer said on Wednesday that he sees reasons for optimism in stocks and the health care system despite the recent spike in Covid cases.

The stock market rallied for the second straight day on Wednesday as investors appear to have grown more comfortable with the health risk.

"I think we can probably take the prospect of a lockdown off the table. If you go back to the spring of 2020 you saw one industry after another get obliterated as hospital systems got overwhelmed and states shut down their economies in order to flatten the curve. That is not going to happen this time," the "Mad Money" host said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer says buy FAANG stocks and Microsoft as Covid omicron fears hit markets'As they get hit by the omicron weakness, you've got my blessing to buy all six,' the 'Mad Money' host said.
Read more »

Broadway’s ‘Jagged Little Pill’ Closes For Good, Becoming First Casualty Of Omicron SurgeJagged Little Pill, the Broadway musical of Alanis Morissette songs, will not reopen at the Broadhurst Theater following its current Covid suspension, producers announced tonight. With the announce…
Read more »

What you need to know about Biden’s plan to combat the omicron surgeAs COVID-19 cases continue to climb in the U.S., President Joe Biden announced new efforts to address this latest coronavirus surge. 'I want to start by
Read more »

Jim Cramer says buy FAANG stocks and Microsoft as Covid omicron fears hit markets'As they get hit by the omicron weakness, you've got my blessing to buy all six,' the 'Mad Money' host said.
Read more »

FDA authorizes Pfizer's Covid-19 pillThe pill, called Paxlovid, will provide the U.S. with another tool to help fight the virus as the more infectious Omicron variant surges.
Read more »

Omicron Is Less Likely To Cause Hospitalization And Develop Into Severe Disease, South African Study SuggestsPeople who contract the omicron variant are 80% less likely to be hospitalized compared to previous variants and those hospitalized with omicron are at a 70% lower risk of severe disease than delta
Read more »