Stocks declined Tuesday, snapping a seven-session winning streak, as Wall Street came out of a long holiday weekend and oil prices turned lower. Oil had surged talks among the world’s largest oil producers broke down.
U.S. oil prices earlier Tuesday had risen to a six-year high after OPEC and its allies broke off talks Monday over a production increase. The United Arab Emirates refused to agree to a Saudi-backed deal to boost output, according to reports.
Cramer on JPMorgan Stock Catching Didi Shrapnel
The fallout from China’s investigation into Didi Global (DIDI) – Get Report not only took out a fifth of that company’s value, but U.S. bank JPMorgan Chase (JPM) – Get Report was also caught in the downturn as the company’s core cash banking provider.
TheStreet’s Jim Cramer wants U.S. regulators to crack down on the bank because “they are all going to get away with it,” Cramer said from the floor of the New York Stock Exchange…