OPEC+ cuts and oil prices shake up stock market.

US stocks were mixed on Tuesday morning, while oil prices rose ahead of the JOLTS job openings survey and factory orders data. The S&P 500 gained 0.1%, the Dow Jones Industrial Average ticked down near the flatline, and the Nasdaq Composite added 0.2%. WTI crude oil traded above $81 a barrel after OPEC+ announced it would slash output by 1.16 million barrels per day. Federal Reserve Bank of St. Louis President James Bullard said the continued strength in the labor market gives the Fed room to fight inflation. JPMorgan Chase CEO Jamie Dimon warned that the recent banking troubles triggered by the failures at Silicon Valley Bank and Signature Bank are “not over yet.” Shares of AMC Entertainment Holdings plunged after a settlement would allow AMC to convert APE preferred shares into common AMC stock.