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Stock impact report

Jim Cramer's main takeaway from the market this week — and what to watch ahead [CNBC]

Caseys General Stores, Inc. (CASY) 
Last caseys general stores, inc. earnings: 3/9 04:13 pm Check Earnings Report
US:NASDAQ Investor Relations: caseys.com/investor-relations
Company Research Source: CNBC
“As long as it stays elevated, any other asset class could be standing on quicksand,” he said. In this article CNBC's Jim Cramer on Friday offered his usual game plan for the coming week on Wall Street, but he acknowledged the difficulties of peering into the future with a war unfolding in the Middle East that is disrupting oil supplies. “We obviously don't know how long the war will last, though, and oil has a mind of its own. As long as it stays elevated, any other asset class could be standing on quicksand,” he said. “When oil goes up, stocks go down. Period. End of story.” Cramer's comments came after a volatile week on Wall Street ended with additional losses for the major U.S. averages . For the week, the blue-chip Dow Jones Industrial Average fell 3%. The S&P 500 dropped 2%, and the tech-heavy Nasdaq Composite declined 1.2%. The pressure on stocks coincided with a historic spike in oil, a crucial cog in the global economy. This week, U.S. oil benchmark WTI crude saw Show less Read more
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