REUTERS: Wall Street was set to pull back on Tuesday as President Donald Trump's moves to force China-owned TikTok into a sale of its U.S. operations drew a sharp rebuke from Beijing, ratcheting up tensions as the world slides into a pandemic-fuelled recession.
Microsoft's shares were down 1.6per cent in premarket trading after surging more than 5per cent on Monday as the company confirmed it was pursuing a deal with TikTok. " in the short term, we are more concerned with how soon the consumer is adapting and getting back to engaging with the economy."The S&P 500 closed Monday within 3per cent of its all-time high, powered over the past four months by a stimulus-led rebound and a rally in tech-related stocks including Apple Inc , Netflix Inc and Amazon.com Inc .
Investors are now awaiting signs of progress in a fifth major coronavirus-aid bill with Congress set to resume talks on Tuesday to narrow gaping differences.
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