Communications services companies ticked down as traders awaited the fate of TikTok's U.S. operations.

"If it is an outright ban, this begs another question: which companies benefit from the 175 million people now using TikTok," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

"It seems most people think it'll be Instagram, which would benefit Meta; or YouTube, which would benefit Alphabet."


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-13-25 1709ET