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Stocks Edge Higher in Choppy Trading; Oil Sinks: Markets Wrap

  • Tesla market value tops $100 billion; IBM rallies on earnings
  • Crude drops on supply concerns; Treasuries mostly steady
Bloomberg business news
French Finance Minister Bruno Le Maire discusses tax negotiations with the United States, fiscal spending in Europe, and French structural reforms.Source: Bloomberg
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U.S. stocks edged higher in volatile trading as investors considered the potential for a virus that emerged in China to eventually dent economic growth. Oil tumbled on concern the market is oversupplied.

The S&P 500 Index ended the day up less than 0.1%, lifted by gains in technology shares and positive earnings reports but held back by concern that the deadly respiratory illness could spread, even as China moved to contain the outbreak. IBM rose the most in four months after revenue beat estimates. Tesla Inc.’s market value soared past $100 billion.