Cramer says easing oil, bond and AI fears cushion Wall Street’s 0.48% S&P decline

  • Jim Cramer said easing oil, bond and AI concerns limited Monday’s stock-market losses.
  • 10-year Treasury yields reached 5%, while WTI crude ended up just over 1%.
  • The Dow had fallen 1.6% the previous week before the Federal Reserve’s September meeting.

Three market concerns eased Monday, limiting losses across U.S. equities, Jim Cramer said on CNBC. The S&P 500 fell 0.48% after dropping as much as 0.8%, while the Nasdaq Composite lost 0.56% after reaching a 1.3% session decline and the Dow Jones Industrial Average shed 152 points, or 0.29%, after falling as many as 300 points. WTI crude initially rose about 4% to $102 a barrel after Saudi Arabia closed a key pipeline around the Strait of Hormuz, but ended up just over 1%. The 10-year Treasury yield reached 5%, its highest level since October 2023, before buyers returned to the bond market. Separately, an essay by Anthropic CEO Dario Amodei calling for a slower, more coordinated approach to developing artificial intelligence pressured data-center-related stocks, including Intel, Micron, GE Vernova and Eaton, all holdings of Cramer’s Charitable Trust. Cramer later said investors concluded that AI safety guardrails would not materially alter data-center infrastructure spending. Amodei’s plan calls for embedded outside evaluators, shared safety benchmarks and growth limits, and greater coordination among governments including China. OpenAI CEO Sam Altman and SpaceX’s Elon Musk agreed with the essay, while Altman said pacing did not mean stopping. The session followed a difficult week for equities, with the Dow down 1.6%, and came as the Federal Reserve began its September policy meeting ahead of an expected Wednesday rate decision.

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