The European Commission is investigating whether X is complying with the Digital Services Act for its handling of Israel-Hamas war misinformation and violence.
Cramer pointed to the consumer price index report and weak demand for the 30-year Treasury bond auction as part of an "unforgiving backdrop" for the market.
The Saudi government has long held that a key sticking point in normalization talks with Israel is the status of Palestinians who live under Israeli occupation.
Bank stocks remain under pressure due to high-interest rates, as financial firms like Club holdings Wells Fargo and Morgan Stanley kick off earnings season.
Billionaire investor Leon Cooperman remains a bear with little interest in the broader stock market, which he says underestimates the risk of a fiscal crisis.