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 - Get Report) fell after warning that it anticipates revenue from car rentals in the U.S. to be weaker than expected this year. Canadian Pacific (CP - Get Report) climbed after walking away from its bid to purchase Norfolk Southern (NSC - Get Report) . 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 - Get Report) jumped after Morgan Stanley provided a strong forecasts for its first- and second-quarter. TheStreet's Keris Lahiff reports from Wall Street.