Sep. 12 at 2:00 AM
Jim Cramer said falling oil prices helped revive stocks on Friday, but warned that next week’s Fed decision will be a key test for markets. The Dow rose 0.98%, the S&P 500 gained 0.86% and the Nasdaq advanced 0.96%, helped by upbeat updates from Adobe and Oracle that boosted beaten-down enterprise software and data-center stocks such as Dell, Vertiv, Cisco, Marvell, GE Vernova and Hewlett Packard Enterprise.
Cramer said oil prices and interest rates will drive the market next week. Progress toward peace in Iran could push oil lower, easing inflation and rate pressures, while renewed conflict could send oil and Treasury yields higher. Investors will closely watch Wednesday’s Fed meeting, where a rate hike is widely expected, and the reaction in longer-term Treasury yields. Cramer warned that tighter policy could make markets more difficult and urged investors to remain selective and avoid margin.
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