Tech Shares Gain After Chipmaker M&A; Oil Climbs: Markets Wrap
- Xilinx jumps after agreeing to $35 billion sale to AMD
- S&P 500 Index slides to the lowest level in three weeks
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Tech shares rose after Advanced Micro Devices Inc. announced a $35 billion takeover of another chipmaker, helping to blunt concern about the impact of growing coronavirus infections. Oil climbed.