After a generally rough April, CNBC's Jim Cramer parsed Tuesday's market action, telling investors that anxiety about interest rates is a major reason stocks fell at the end of the month.
All three broke a five-month winning streak, and the Dow Jones Industrial Average saw its worst monthly performance since September 2022.
Cramer emphasized that much of Wall Street's attitude hinges on rate decisions made by the Federal Reserve, whose two-day meeting ends Wednesday.
Cramer pointed to a survey released on Tuesday that suggested consumer confidence dropped to its lowest level since July 2022.
Tuesday also saw data from the latest Chicago Purchasing Managers' Index, which could signal a weakening economy, Cramer added.
Persons:
CNBC's Jim Cramer, Cramer, we've, who're, Jerome Powell, Jay Powell
Organizations:
Dow Jones, Federal Reserve, Chicago