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Wall Street ekes out gains as trade optimism pressured by defensive stocks

Reuters  |  NEW YORK 

By Stephen CulpNEW YORK (Reuters) - 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 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 "get back into business, fast" nearly a month after the Commerce Department implemented a ...

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First Published: Tue, May 15 2018. 02:25 IST