Stock market today: Dow, S&P 500, Nasdaq stall as oil jumps, fresh earnings roll in after Tesla's flop

Market Overview - US stocks traded flat with the S&P 500 rising fractionally, while the Dow Jones Industrial Average and Nasdaq Composite hovered above the flat line amid mixed earnings reports from Tesla and IBM [1] Oil Market - Oil futures surged over 5% following US sanctions on Russia's major producers, with Brent crude nearing $66 per barrel and West Texas Intermediate approaching $62 [2] Company Earnings - Tesla shares fell nearly 5% after mixed third-quarter results, while IBM stock dropped around 6% due to stronger-than-expected profits being offset by disappointing software revenue [3] - American Airlines shares increased as its fourth-quarter earnings guidance exceeded expectations, while T-Mobile's shares dipped despite a larger-than-expected customer base growth [4] Trade Relations - China announced upcoming talks with US officials, with President Trump indicating a scheduled meeting with Chinese President Xi, providing some market reassurance amid rising tensions [5] Quantum Computing Sector - The Trump administration is reportedly in discussions to acquire stakes in several quantum computing companies, leading to a surge in shares of targeted firms like IonQ and Rigetti Computing [6]