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Wall Street pares gains as defensive stocks offset trade optimism

Reuters  |  NEW YORK 

By Stephen CulpNEW 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 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 "get back into business, fast" nearly a month after the Commerce Department implemented a ban on ...

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First Published: Tue, May 15 2018. 00:48 IST