Meta, Snap, Alphabet gain as US-China talk TikTok deal
Social media stocks rose in premarket as US and China delegations in Madrid held talks on TikTok ahead of the September 17 divestiture deadline. Meta, Snap, Pinterest and Alphabet rose 0.5-1% while Oracle gained 0.6% as a top suitor and Microsoft slipped 0.3%. Treasury Secretary Bessent warned that US won't trade national security for a social app.