Stock Markets Climb as Oracle Beats Microsoft in TikTok Fight

Stock Markets Climb as Oracle Beats Microsoft in TikTok Fight

The S&P 500 (SNPINDEX: ^GSPC) gained 53 points to 3,394, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 229 points to 11,082. One of the biggest stories lately has involved Chinese social media company ByteDance and its popular TikTok app. After facing criticism from U.S. regulators, TikTok has sought to take strategic action to protect the value of its lucrative asset.