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. Market moves : Stocks were mixed on Friday as bond yields rose following a few days of pressure on market rates. Still, the S & P 500 was on track for a weekly gain of more than 1.5%. The index was trading at record highs ahead of the Fed's meeting next week, when the monetary policy-making committee is largely expected to cut the Fed funds overnight bank lending interest rate by 25 basis points to a target range of 4% to 4.25%. Fed funds is the rate everyone is referring to when they talk about central bank rate cuts. Laguna news: All week, we've been listening to the industrial-focused Morgan Stanley Laguna conference

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