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Cramer: This is a pivotal day in the Trump rally

CNBC's Jim Cramer said Friday may be an important day for the markets because the technology sector could finally join in the Trump rally.

"This is a pivotal day — I think you're going to see technology go up," Cramer said on "Squawk on the Street." "We haven't seen technology really participate."

Since the election, all the major indexes have been hitting record highs. U.S. equities rose Friday, with the major indexes on pace for strong weekly gains. The S&P 500 has risen more than 4 percent over the past month, but the S&P information technology segment has lagged the broader market, gaining only about 1.8 percent.

In the same period, financials and energy have rallied 13 percent and 7 percent, respectively. Health care, consumer staples and utilities have struggled to join the rally as well.

On Thursday, President-elect Donald Trump boasted about the surge in stocks.

"We had a lot of people in Nebraska, a lot of good wealthy people fighting us," he said. "But those wealthy people aren't so unhappy now because the stock market's gone up so much."

— CNBC's Anita Balakrishnan contributed to this report.