Global stocks edge up as China virus worries abate


The Dow Jones Industrial Average fell 9.77 points, or 0.03%, to 29,186.27, the S&P 500 gained 0.96 points, or 0.03%, to 3,321.75, and the Nasdaq Composite added 12.96 points, or 0.14%, to 9,383.77.

NEW YORK: World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, while oil prices tumbled on a forecast for a market surplus.

Worries about contagion of the coronavirus and its effect on the global economy, particularly as millions in China travel for upcoming Lunar New Year festivities, had knocked the world's top equity markets off record peaks.

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