By Jeff Marks
Publication Date: 2026-04-15 19:00:00
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 on Wednesday made a new intraday high for the year, as the rebound from the Iran war sell-off continued. At one point, the S & P 500 climbed above 7,000. To take out its record closing high set on Jan. 27, the index needs to close above 6,978.6. Powering the index higher Wednesday was strength in megacap tech, including Apple , Meta Platforms , Broadcom , Tesla and Microsoft . Beaten-down enterprise software names also rallied, with laggards such as Club name Salesforce and ServiceNow extending their rebound from multiyear lows. As tech outperformed, the market rotated away from the sectors that carried the index through the beginning of the year. Industrials was the worst performing S & P 500 sector in the session, with Barclays industrial analyst Julian Mitchell flagging that recent changes in Section 232 metal tariffs might have a larger impact on the group than what investors are ready for. The change happened this month, explaining why we didn’t hear any CEOs talk about it during conference season. We’ll be watching this closely as industrial earnings roll in next week, staying flexible as we assess which companies are least affected and who could face the most pressure. Club names Dover and Eaton dropped about 2% apiece Wednesday. Honeywell was off about 1%. CoreWeave landed…
