Trump says new US sovereign wealth fund could play role in TikTok rescue

The formation of a sovereign wealth fund to engage in a deal with TikTok and the mention of potential buyers like Microsoft and Oracle may instill optimism in the tech sector and related stocks due to strategic partnerships and investments. Stakeholders may view this as a stabilizing move for TikTok's operations in the US. Additionally, interest in stocks related to technology and media ahead of any potential acquisition bids can lead to upward momentum.

If the acquisition of TikTok leads to a successful negotiation, it may ease regulatory pressures on tech stocks, potentially benefiting the broader technology sector. This could also have a positive ripple effect on stocks in the entertainment and social media industries, as the market reacts favorably to developments surrounding TikTok.