The Dow Jones Industrial Average , the S & P 500 and the Nasdaq lost more than 1% each for this holiday-shortened week.
This coming week will feature some key inflation data to keep an eye on.
On Tuesday, the May housing starts report was released, coming in much stronger than expected, at a 1.63 million seasonally adjusted annual rate (SAAR), versus 1.39 million SAAR expected.
Building permits were also above expectations at a1.49 million SAAR versus 1.43 million SAAR expected.
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons:
Jerome Powell, Jim Cramer, he's, Jefferies, JEF, Mills, HB Fuller, Jim Cramer's, Jim, Spencer Platt
Organizations:
Federal, Dow Jones, Nasdaq, Constellation Brands, Corp, Walgreens Boots Alliance, Micron Technology, Gross, Aid, McCormick &, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty
Locations:
U.S, SAAR