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. Market update: Stocks are rallying on Friday, with the S & P 500 trading at a record high and extending its gains to roughly 2% this week. The market is shrugging off concerns about a potential trade spat with Canada after President Donald Trump announced Friday that he was ending negotiations with the country. Instead, the market was driven higher by the slightly cooler-than-expected September CPI print. The reading brought a sigh of relief, easing concerns that the economy was facing a double whammy of a softening labor market with reaccelerating inflation. With the September CPI in hand, the market expects the Federal
Earnings beats are up this quarter, but next week's lineup is the true test
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