Sep. 15 at 1:50 AM
Jim Cramer said Wall Street avoided a deeper sell-off Monday as three major concerns eased: oil prices reversed from their highs, buyers emerged when the 10-year Treasury yield reached 5%, and fears that a slowdown in frontier AI development would derail data-center spending diminished. The S&P 500 fell 0.48%, the Nasdaq 0.56% and the Dow 152 points, after all three indexes had suffered steeper losses earlier in the session.
AI-related stocks faced significant pressure following Anthropic CEO Dario Amodei’s call for a slower pace of frontier-model development, with Intel and Micron falling about 5%, GE Vernova nearly 9% and Eaton roughly 8%. However, Cramer said investors ultimately concluded that increased AI safeguards would not materially alter the data-center buildout. Oil also provided relief after WTI briefly hit
$102 a barrel before giving back most of its gains, while the 10-year yield’s move to 5% attracted buyers and helped stabilize the bond market.
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