By Jeff Marks
Publication Date: 2026-10-12 18:47:00
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. The S & P 500 is slightly lower , weighed down by technology and consumer discretionary stocks, ahead of the start of third-quarter earnings season. All other sectors were positive, including energy, with the Energy SPDR ETF hitting a new intraday all-time high. Oil is moving higher following more attacks in the Middle East over the weekend. The bond market isn’t reacting to rising oil prices because it’s closed for Columbus Day. In artificial intelligence news, Nvidia shares slid after Microsoft announced it is scaling its Azure Maia family of custom accelerators to multi-gigawatt deployments next year. Some will argue that these chips reduce Microsoft’s reliance on Nvidia GPUs, but customers continue to line up for each new generation of Nvidia chips because they deliver greater computing performance and…