US STOCKS-Wall Street flat with all eyes on China news briefing

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* China to hold press briefing at 10 a.m. ET
* U.S., Chinese tariffs to take effect on Dec. 15
* Adobe rises after Q4 revenue, profit beat
* Dow off 0.05%, S&P 500 down 0.09%, Nasdaq flat

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By Shreyashi Sanyal
Dec 13 (Reuters) - U.S. stocks traded in a tight range on
Friday, as investors treaded cautiously ahead of a news briefing
by Chinese officials on the state of trade talks with the United
States.
Beijing will hold a news briefing at 11 p.m. local time (10
a.m. ET), China's State Council Information Office said.

Wall Street opened lower after President Donald Trump said a
report about a trade deal with China was completely wrong,
dashing hopes that the two sides would arrive at an agreement in
time to avoid new tariffs scheduled for Sunday.
"At this point I don't think we know what we know about the
deal," said Randy Frederick, vice president of trading and
derivatives for Charles Schwab in Austin, Texas.
"We thought they were going to affirm what was told
yesterday but that seems to be in question, so markets are going
to pause, and wait and see."
Stocks had initially taken comfort from news that the United
States and China would reach an initial deal to end their trade
war after Washington set its terms for an agreement.
Still, a positive tone on trade recently helped Wall
Street's main indexes touch record levels on Thursday, while
futures hit all-time highs earlier in the session on Friday.
The S&P 500 index .SPX is also up more than 26% in 2019,
putting it on track for its best annual performance in six
years, helped by interest rate cuts and some relief in corporate
profits.
At 9:46 a.m. ET the Dow Jones Industrial Average .DJI was
down 13.29 points, or 0.05%, at 28,118.76, the S&P 500 .SPX
was down 2.81 points, or 0.09%, at 3,165.76 and the Nasdaq
Composite .IXIC was up 0.15 points, or 0.00%, at 8,717.46.
Broadcom Inc AVGO.O dropped 3.2% as analysts were wary of
the chipmaker's revenue forecast for 2020. Adobe Inc ADBE.O rose 4.2% after the company beat
analysts' estimates for fourth-quarter revenue and profit.
Declining issues outnumbered advancers for a 1.19-to-1 ratio
on the NYSE and for a 1.06-to-1 ratio on the Nasdaq.
The S&P index recorded 20 new 52-week highs and no new low,
while the Nasdaq recorded 39 new highs and 21 new lows.