Jim Cramer breaks down Wall Street's reaction to coronavirus updates, New Hampshire primary

Wall Street is "blessing any company that spells out its China losses," CNBC's Jim Cramer says. Cramer attributed the gains on Wall Street to easing fears over the epidemic in China and results from the New Hampshire primary. The Dow Jones Industrial and Nasdaq Composite both advanced nearly 1%, while the S&P 500 rose 0.65%. After Sen. Bernie Sanders, I-Vt., established himself as the front-runner to be the Democratic nominee, investors are widely unconvinced that the self-proclaimed democratic socialist is likely to beat President Donald Trump in November. Sanders’ progressive policy proposals would upend the way that many businesses operate, especially the private health-care system. Among them is Goldman Sachs Chairman and CEO Lloyd Blankfein, who wrote in a tweet that Sanders is as “polarizing” as Trump and would “ruin our economy.” “That sums up the prevailing view on Wall Street, though: They’re confident Sanders will lose if he’s the nominee,” Cramer said. “I think it’s a mistake to get too confident about election predictions. Last time Wall Street was pretty convinced that Hillary [Clinton] had it locked up, right?” the host said. “But it’s fair to say that Bernie’s got an uphill battle and the market’s not a believer in this guy.” For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=yo... » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBC TV