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. Markets: The S & P 500 and Nasdaq were dragged down Thursday on post-earnings slumps from Club holdings Meta Platforms and Microsoft. While both reported better-than-expected quarters, Wall Street was worried about their increased forecasts on artificial intelligence spending. Shares of Meta and Microsoft were down 10% and 3%, respectively. This comes one day after the Federal Reserve announced a widely expected interest rate cut for the second time this year. Investors were also on the look out for trade headlines. President Donald Trump said early Thursday the U.S. would halve fentanyl-linked tariffs on China, bringing

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