Wall St Ekes Out Gains As Trade Optimism Pressured By Defensive Stocks

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NEW YORK – Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp that calmed the waters of U.S.-China trade tensions.

The S&P 500 .SPX pared its gains after hitting a roughly two-month high earlier in the session, but at closing bell the index held onto its four-day winning streak.

Trump vowed on Sunday to help China-based communications firm 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.




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