US STOCKS-Wall Street drops as Trump comments fan trade worries

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* U.S. still talking to China but no deal for now - Trump
* Eight of 11 S&P sectors lower
* U.S. may delay permitting firms to trade with Huawei
* Uber slides after reporting record loss
* Indexes down: Dow 0.35%, S&P 0.64%, Nasdaq 0.97%

(Updates to early afternoon)
By Medha Singh and Arjun Panchadar
Aug 9 (Reuters) - Wall Street's main indexes slipped on
Friday after President Donald Trump said the United States and
China were pursuing trade talks but he was not ready to make a
deal, exacerbating fears that the stand-off would aggravate the
global economic slowdown.
Trump also said the United States would continue to refrain
from doing business with Chinese telecoms equipment giant Huawei
Technologies HWT.UL . Shares of chipmakers and other tariff-sensitive technology
companies .SPLRCT fell, with the Philadelphia SE Semiconductor
index .SOX down 1.5%, while Apple Inc AAPL.O slipped 0.5%.
"At this point in time, it's hard to see either the United
States or China having enough will to resolve their differences,
much less before the new U.S. tariffs on Chinese goods kick in
on September 1," said Han Tan, market analyst at FXTM.
"Should the barriers to global trade be raised next month,
that would be another kick in the gut for risk appetite and may
prompt another sell-off in risk assets."
As more investors sought safety in U.S. government bonds,
U.S. Treasury yields slipped. US/
The three main indexes were set for a second consecutive
weekly decline, wrapping up a volatile week dominated by a
symbolic drop in China's currency.
At 12:56 p.m. ET, the Dow Jones Industrial Average .DJI
was down 93.11 points, or 0.35%, at 26,285.08, the S&P 500
.SPX was down 18.83 points, or 0.64%, at 2,919.26. The Nasdaq
Composite .IXIC was down 77.71 points, or 0.97%, at 7,961.45.
Eight of the 11 major S&P sectors were lower, with the
technology sector .SPLRCT , which bore the brunt of recent
selloff, slipping the most.
With investors turning wary of risk, defensive sectors,
including utilities .SPLRCU and real estate .SPLRCR , were on
track to outperform this week.
Among stocks, Uber Technologies Inc UBER.N shed 7.0% 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 30.2% after the IT and
consulting services provider cut its full-year profit and
revenue forecast.
Nektar Therapeutics NKTR.O shares plunged 32.9% after the
drug developer flagged manufacturing issues with its
experimental cancer drug bempeg.
Declining issues outnumbered advancers for a 2.10-to-1 ratio
on the NYSE and for a 1.97-to-1 ratio on the Nasdaq.
The S&P index recorded 38 new 52-week highs and nine new
lows, while the Nasdaq recorded 48 new highs and 106 new lows.