'This market's been going through leadership groups like there's no tomorrow,' the 'Mad Money' host said.
Shares of Amazon and Facebook set new highs. Facebook popped more than 6% to close at $229.97, its first record close since late January. Amazon jumped almost 2% to $2,497.94, topping its record close at the end of April., an online shopping feature that will work on the Facebook and Instagram platforms. Morgan Stanley analysts suggested the program, which could amount to a multibillion-dollar venture, could help the company compete with Amazon and Google.
"I think this is the future of small business: lots of sole proprietors making things work over the web ... and apparently Facebook agrees," Cramer said. "And while I've been lukewarm on some of Facebook's actions over the years, this one I think can really make a positive difference in a time of painful unemployment and sputtering small- and medium-sized businesses."
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