An earlier Wall Street rally faded even as crude oil spiked. Crude traded above $40 a barrel at its highest level in more than two weeks on signs of reduced output out of Russia. The country said it expects flat production next year. Hertz (HTZ) fell after warning that it anticipates revenue from car rentals in the U.S. to be weaker than expected this year. Canadian Pacific (CP) climbed after walking away from its bid to purchase Norfolk Southern (NSC) . The U.S. Justice Department recently called for a third-party regulator to reject a proposed voting trust arrangement in the terms of the deal. Fitbit (FIT) jumped after Morgan Stanley provided a strong forecasts for its first- and second-quarter. TheStreet's Keris Lahiff reports from Wall Street.
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