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 jumped nearly 1.5% on Monday, as House members were called back to Washington to vote on a Senate deal to end the longest government shutdown in history. The Nasdaq surged more than 2%. With these gains, both indexes recovered nearly all of last week’s losses. A possible end to the 41-day shutdown, which has caused massive flight delays and cancellations and shaken consumer confidence in the economy, has put investors in a more risk-taking mood. Club holding Nvidia rose nearly 5% on Monday, after losing 7% last week in a tech rout driven by worries about valuations in stocks tied to the artificial intelligence boom. Monday’s rally isn’t just about tech. Consumer discretionary and materials sectors were also strong. In fact, eight of the 11 S & P 500 sector indexes were higher. Only real estate, utilities, and consumer staples were in the red. Wafer demand: Nvidia CEO Jensen Huang asked key manufacturing partner Taiwan Semiconductor to boost its wafer production, he told reporters over the weekend. This is a clear indication that Huang expects strong demand for Nvidia’s AI chips to continue. It also aligns with the
