Stock market live updates: Waiting on G-7 statement, Tesla jumps

This is a live blog. Check back for updates.Global investors awaited a statement from the G-7 on how the top world economies plan on counteracting the coronavirus' impact on economic activity. However, Reuters cited a G-7 official with direct knowledge of the deliberations saying that the statement does not include any specific call for new government expenditure or coordinated interest rate cuts by central banks.

Investors are awaiting a statement from the G-7 major economies on plans to mitigate the virus impact following a conference call Tuesday morning led by Treasury Secretary Steven Mnuchin and Fed Chair Jerome Powell.to market outperform from market perform and established a Street high price target of $1,060 per share, sending shares of the electric automaker up more than 6% to $793 per share in premarket trading Tuesday.

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