This was a good day for the real economy, not-so-hot day for the AI revolution, says Jim Cramer

Market Overview - The overnight market showed significant declines, particularly in speculative stocks, leading to concerns about a broader market downturn [1] - The opening of the market was poor, especially for tech stocks, which were heavily impacted during the Dreamforce event hosted by Salesforce [2] - Despite a rough start, the market rebounded, primarily driven by bank stocks, which are crucial for the real economy [3] Economic Indicators - Federal Reserve Chairman Jay Powell indicated that the economy may require further assistance from the Fed, which contributed to market fluctuations [2][6] - The Dow Jones finished up by 203 points, while the S&P 500 saw a slight decline of 0.16% [3] - The NASDAQ, heavily weighted with tech stocks, experienced a significant drop of 76% [4] Sector Performance - The day was characterized by a positive outlook for the real economy, contrasting with a challenging environment for the artificial intelligence sector [5] - Salesforce's stock fell by 3.6%, reflecting broader market trends affecting tech companies [5] - The focus shifted to non-data center segments of the economy, indicating a revival in areas that had been stagnant for some time [6] Federal Reserve Actions - Powell's comments suggested that more interest rate cuts could be on the horizon, along with a halt to the Fed's ongoing bond selling [6] - Continuous selling of the Fed's mortgage bond holdings has contributed to elevated mortgage rates, impacting the housing market [7]