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 Apple Inc. has reportedly denied interest in acquiring TikTok after an Axios story from earlier Tuesday said that Apple was looking into a potential deal for the social-media app given that the U.S. has threatened to ban it from the U.S. due to national security concerns about Chinese parent company ByteDance. An Apple spokesperson told Axios following that report that the company hasn't held discussions about buying TikTok and isn't interested in a deal. Apple didn't immediately respond to a MarketWatch request for comment. Microsoft Corp. is considered to be the most logical bidder for TikTok and the company confirmed over the weekend that it would continue discussions about a possible deal. Apple shares are up 0.6% in Tuesday trading, while Microsoft shares are down 2.7%. Apple's stock has added 50% over the past three months, compared with an 18% rise for Microsoft's and a 13% gain for the Dow Jones Industrial Average , of which both Apple and Microsoft are components.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Stocks struggled for direction Tuesday morning, with investor attention still centered on fresh signs of corporate and economic stress from the coronavirus pandemic.
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Asia advance follows gains for US tech shares after Trump's U-turn on a Microsoft-TikTok deal
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 U.S. stocks look set to dip slightly on Tuesday after Monday's rally, as U.S.-China tensions rise over TikTok.
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