Stock market today: Tesla surges after earnings but indexes slide as yields rise

President Biden signed a bill Wednesday morning that gives China’s ByteDance up to one year to divest TikTok or face a US ban on the app. Social media stocks were little changed following the news. Yahoo Finance’s Ben Weschkul reports on what could come next: The long-debated measure is fraught with political implications for the 2024 election and will also kick off a complex set of steps over the coming 12 months likely to take place both in boardrooms and in courtrooms. The bill gives the company 270 days to sell, but the president can extend the deadline up to…