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Cramer says without more coronavirus stimulus market may ‘sputter out’

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CNBC’s Jim Cramer said Friday that he’s concerned the stock market’s rally from its March lows may run out of steam unless Congress approves additional coronavirus relief measures. 

“Without another package, I know it’s trillions of dollars, we’re just going to kind of sputter out,” Cramer said on “Squawk Box.” “I get worried. It’s just too many people that don’t have jobs, and it’s eventually going to catch up to the market.” 

U.S. stock futures were slightly lower as Cramer made his comments, and Wall Street subsequently opened weaker Friday on the last trading day of May.

However, as of Thursday’s close, the S&P 500 was up more than 39% from its March 23 bottom, with gains of 4%…



Source cnbc.com

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