US STOCKS-Apple, Broadcom keep Wall Street gains in check

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* Trump says potentially open to interim trade deal with
China
* August retail sales rise 0.4% vs forecast of 0.2%
* Apple, Broadcom drag on Nasdaq
* Dow & S&P 500 trading 0.6% below all-time highs
* Dow rises 0.17%, S&P 500 flat, Nasdaq off 0.14%

(Updates market action)
By Uday Sampath Kumar
Sept 13 (Reuters) - Losses in shares of U.S. technology
majors Apple and Broadcom held the S&P 500 just under record
levels on Friday, as traders balanced the latest indicators of
an uncertain global growth outlook with perceived progress in
Sino-U.S. trade relations.
Broadcom Inc AVGO.O , among the world's biggest chipmakers,
weighed on the tech-heavy Nasdaq with a 2.6% fall, after it said
in results late on Thursday that demand for microchips had
bottomed out and that a recovery was not yet on the cards.
That pointed to more headwinds for tech companies buffeted
this year by the trade conflict. Technology stocks .SPLRCT
fell 0.6% and were the biggest drag among the 11 major S&P
sectors.
Apple AAPL.O fell 2.3% after Goldman Sachs cut its price
target for the stock, citing concerns over its new Apple TV+
service.
Adding to the high-growth tech sector's losses, a U.S. House
of Representatives panel demanded internal emails and other
records from Apple and other technology giants - Amazon.com Inc.
AMZN.O , Facebook Inc FB.O and Alphabet Inc GOOGL.O .
All of the FAANG stocks, apart from Netflix Inc NFLX.O
came under pressure.
Still, the S&P 500's marginal gains brought it to within
0.6% of its record high, with financial stocks .SPSY providing
the biggest boost.
Banks .SPXBK followed U.S. Treasury yields higher after
data showed U.S. retail sales rose 0.4% in August, lifted by
spending on cars, building materials, healthcare and hobbies.
Economists polled by Reuters had forecast an increase of 0.2%.
The blue-chip Dow Industrial Average .DJI was also within
0.6% of its all-time high and was set for its eighth straight
session of gains to match a winning streak from May 2018.
"It's natural for the market to take a pause here given the
recent trading in the last few days," said Keith Buchanan,
portfolio manager at GlobAlt in Atlanta.
"To break through from this point, there probably needs to
be some incremental news from a global growth perspective or
more meaningful developments on trade."
Trade worries were soothed this week after tariff
concessions from both the United States and China, and President
Donald Trump's latest comments that he was potentially open to
an interim trade deal with China. However, doubts about U.S. growth remain, with the
International Monetary Fund forecasting that the tit-for-tat
tariffs could reduce global GDP in 2020 by 0.8%. At 1:09 p.m. ET the Dow Jones Industrial Average .DJI was
up 47.02 points, or 0.17%, at 27,229.47, the S&P 500 .SPX was
up 0.80 points, or 0.03%, at 3,010.37 and the Nasdaq Composite
.IXIC was down 11.42 points, or 0.14%, at 8,183.05.
Tyson Foods Inc TSN.N , the United States' largest meat
processor, rose 2.5% after China's official Xinhua News Agency
said the country would exempt some U.S. pork and soybeans from
additional tariffs on U.S. goods. The defensive healthcare .SPXHC , real estate .SPLRCR and
consumer staples sectors .SPLRCS were among the laggards on
the S&P 500.
Advancing issues outnumbered decliners for a 1.04-to-1 ratio
on the NYSE and a 1.44-to-1 ratio on the Nasdaq.
The S&P index recorded 19 new 52-week highs and one new low,
while the Nasdaq recorded 74 new highs and 16 new lows.