US STOCKS-Wall St extends fall as Trump's comment amplifies trade fears

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* U.S. still talking to China but no deal for now - Trump
* U.S. may delay permitting firms to trade with Huawei
* UK GDP contracts unexpectedly in Q2
* Uber slides after reporting record loss
* Indexes down: Dow 0.61%, S&P 0.71%, Nasdaq 0.93%

(Changes comment, adds details; Updates prices)
By Medha Singh
Aug 9 (Reuters) - Wall Street's main indexes added to losses
on Friday after President Donald Trump said he was not going to
make a deal with China for now, exacerbating fears that the
U.S.-China trade stand-off would aggravate the global economic
slowdown.
Trump's remark followed a report that said Washington was
delaying a decision to allow some trade between U.S. firms and
China's telecom equipment maker Huawei again.
That pressured the shares of chipmakers and other
tariff-sensitive technology companies .SPLRCT . The
Philadelphia SE Semiconductor index .SOX fell 1.8% and Apple
Inc AAPL.O slipped 1.1%.
"Until we get some sort of tangible answers to what the
(Trump) administration is going to do with China, this is going
to be a overhang on the market, creating plenty of sharp
swings," said Andre Bakhos, managing director at New Vines
Capital LLC in Bernardsville, New Jersey.
Political uncertainty in Italy, euro zone's third-largest
economy, and a surprise contraction in Britain's economy as it
gears up to leave the European Union in October added to market
worries. More investors sought the safety of U.S. government bonds,
which pushed the U.S. Treasury yields lower. US/
Friday's losses in U.S. stocks come a day after they rose to
record their best one-day percentage gain in two months in a
turbulent week dominated by a symbolic drop in China's currency.
At 10:59 a.m. ET, the Dow Jones Industrial Average .DJI
was down 161.38 points, or 0.61%, at 26,216.81, the S&P 500
.SPX was down 20.83 points, or 0.71%, at 2,917.26. The Nasdaq
Composite .IXIC was down 75.14 points, or 0.93%, at 7,964.02.
Ten of the 11 major S&P sectors were lower, with technology
sector .SPLRCT , which bore the brunt of this week's selloff,
slipping the most.
With investors turning wary of risk, defensive sectors,
including utilities .SPLRCU and real estate .SPLRCR ,
outperformed this week.
Among stocks, Uber Technologies Inc UBER.N shed 6.9% after
the ride-hailing company reported a record $5.2 billion loss and
revenue that fell short of Wall Street targets. DXC Technology DXC.N tumbled 31.4% after the IT and
consulting services provider cut its full-year profit and
revenue forecast.
Nektar Therapeutics NKTR.O shares plunged 33.1% after the
drug developer flagged manufacturing issues with its
experimental cancer drug bempeg.
Declining issues outnumbered advancers for a 2.27-to-1 ratio
on the NYSE and for a 1.99-to-1 ratio on the Nasdaq.
The S&P index recorded 38 new 52-week highs and six new
lows, while the Nasdaq recorded 44 new highs and 80 new lows.