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Industrials limit losses on Wall Street


By Medha Singh(Reuters) - The benchmark S&P 500 index fell on Friday, weighed down by losses in shares of Alphabet and Applied Materials, although industrial stocks helped limit losses on signs of progress in Sino-U.S. trade talks.China denied it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington.A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a ...

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First Published: Fri, May 18 2018. 20:39 IST