Jim Cramer: Stocks rising despite oil gains signals a new market message
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By Paulina Likos
Published on March 17, 2026.
CNBC's Jim Cramer has noted a shift in the stock market, with equities climbing even as oil prices rise. This is a break from the traditional relationship between elevated energy costs and market weakness. Despite oil's 3-hour rally, many stocks still managed to go higher, with the Dow Jones Industrial Average rising by 0.1%, the S&P 500 advancing 0.25%, and the Nasdaq increasing 0.47%. This shift comes as fears around the Middle East appear to be stabilizing, with Cramer noting that the war with Iran was no longer out of control. Other notable developments included strong demand from Delta Air Lines CEO Ed Bastian and increased private equity firms like Blackstone, Apollo, and Ares.
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