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Stocks Close Lower, Oil Holds Gains Ahead of OPEC Meeting

Stocks closed lower Monday ending four days of gains for the S&P 500 and Dow Jones Industrial Average, while oil prices rose on hopes an agreement to cut output could be reached at an OPEC meeting in Vienna on Wednesday.

The S&P 500 fell 0.53%, the Dow Jones Industrial Average declined 0.28% and the Nasdaq tumbled 0.56%.

TheStreet's Jim Cramer said he prefers three or four market down days because it allows investors to catch their breath, while "new money comes in and then the stocks recharge and go higher."

West Texas Intermediate crude oil gained...