By Matthew J. Belvedere,Kevin Stankiewicz
Publication Date: 2026-09-25 18:38:00
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were higher Friday and headed for a winning week . The strength in the S & P 500 and Nasdaq came despite soaring bond yields. The 10-year Treasury yield briefly reached 5.23% on Friday, a level not seen since mid-June 2007. The surge in yields has been driven by concerns about inflation, which has been stoked by elevated oil prices. While lower Friday and set to break three straight weeks of higher prices, West Texas Intermediate crude is still up nearly 40% since the Iran war started in late February. Last week, the Federal Reserve raised interest rates for the first time in three years, in a move to try to put inflation on a path towards the central bank’s 2% target. According to the CME FedWatch tool, the market sees a second rate increase by the end of the year, and possibly one more. Bank stocks…