US STOCKS-Wall St pares gains as defensive stocks offset trade optimism [Reuters]
ACACIA COMMUNICATIONS (ACIA)
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Source: Reuters
Wall St. pares gains as defensive stocks offset trade optimism | Reuters 4 Min Read NEW YORK (Reuters) - Wall Street edged higher after pulling back from stronger gains on Monday as weakness in defensive stocks offset trade optimism after U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp indicated easing U.S.-China trade tensions. The S&P 500 .SPX briefly crossed into negative territory after hitting a roughly two-month high earlier in the session, but was back on track for its fourth straight day of gains. On Sunday, Trump vowed to help ZTE ( 000063.SZ ) “get back into business, fast” nearly a month after the Commerce Department implemented a ban on U.S. companies selling to the company. Trump’s reversal came as high-level trade talks between the world’s two largest economies were due to resume this week after Washington’s tough stance on trade and tariffs put the countries on track for a potential trade war. “It seems like there’s a little less concern abo
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