US STOCKS-Wall St slips from near-record highs in Christmas Eve trade

* Tech stocks among biggest drags on S&P 500

* Outlook on global growth stays rosy

* Uber gains as Travis Kalanick resigns from board

* Indexes down: Dow 0.08%, S&P 0.07%, Nasdaq 0.07%

(Updates price action)

By Manas Mishra

Dec 24 (Reuters) - Wall Street dipped from near-record

levels heading into the Christmas break on Tuesday, as investors

paused after a rally propelled by improving U.S.-China trade

relations and lingering optimism about the health of the

domestic economy.

All three major stock indexes notched all-time closing highs

on Monday. President Donald Trump further fanned hopes of a

trade truce over the weekend by saying the two sides would sign

a Phase 1 deal "very shortly." The S&P 500 technology sector .SPLRCT shed 0.1% and was

among the biggest drags on the benchmark index.

The sector has been the best performer so far this year with

a near 47% surge.

The wider S&P 500 index is set for its best year since 2013,

powered by upbeat domestic economic data and three interest rate

cuts by the Federal Reserve.

"This holiday period should be rather calm as trade updates

appear very constructive as we near the finalization of the

Phase 1 trade deal next month," Edward Moya, senior market

analyst at OANDA, wrote in a note.

Investors were wary at the beginning of the month about the

stock market mirroring a slump from December 2018, when trade

tensions between the world's top two economies escalated,

marking the worst December on Wall Street since the Great

Depression. At 9:59 a.m. ET, the Dow Jones Industrial Average .DJI was

down 22.45 points, or 0.08%, at 28,529.08, while the S&P 500

.SPX was down 2.31 points, or 0.07%, at 3,221.70. The Nasdaq

Composite .IXIC was down 6.07 points, or 0.07%, at 8,939.58.

Volumes are expected to be thin this week as traders settle

in for the holidays, with the main U.S. stock exchanges to close

at 1 p.m. ET on Tuesday and remain shut on Christmas Day.

Among individual movers, Advanced Micro Devices Inc AMD.O

rose 2.2% after RBC Capital Markets raised its price target on

the chipmaker's shares on improving data center demand.

Uber Technologies Inc UBER.N also edged slightly higher

after the company said its founder and former Chief Executive

Officer Travis Kalanick will resign from the company's board of

directors by the end of the year. Advancing issues outnumbered decliners by a 1.11-to-1 ratio

on the NYSE and for a 1.16-to-1 ratio on the Nasdaq.

The S&P index recorded 14 new 52-week highs and no new low,

while the Nasdaq recorded 51 new highs and 15 new lows.