US STOCKS-Wall Street gains on trade reprieve ahead of long weekend

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* Trump predicts swift end to trade war with China
* Boeing rises as FAA sees approval of 737 MAX soon
* Foot Locker, Autodesk fall as quarterly profit disappoint
* Indexes up: Dow 0.14%, S&P 0.08%, Nasdaq 0.24%

(Updates prices, adds comments)
By Shreyashi Sanyal and Amy Caren Daniel
May 24 (Reuters) - U.S. stocks gained on Friday, ahead of a
long Memorial day weekend, as investors breathed a sigh of
relief after President Donald Trump indicated that the
protracted trade war with China could end soon.
Trump said on Thursday that Huawei Technologies Co Ltd
HWT.UL could be included in the trade deal. However, no
high-level talks have been scheduled since the last round of
negotiations in Washington two weeks ago. The positive news came after a slump in markets on Thursday.
The S&P 500 index .SPX is on pace to end the week 1% lower,
which would make it the third straight week of losses for the
benchmark index, as markets worried that the trade war would
result in a global economic slowdown.
Adding to concerns that the broader economy was slowing,
data showed that U.S.-made capital goods fell more than expected
in April. "The positive trade narrative has trumped data today," said
Mike Dowdall, investment strategist for BMO Global Asset
Management, in Chicago.
"There has been a reversal in sentiment in trade, which has
helped stocks bounce back. Markets are watching each small
statement that is coming out to decipher broadly where talks are
going."
At 11:03 a.m. ET the Dow Jones Industrial Average .DJI was
up 34.87 points, or 0.14%, at 25,525.34, the S&P 500 .SPX was
up 2.14 points, or 0.08%, at 2,824.38 and the Nasdaq Composite
.IXIC was up 18.30 points, or 0.24%, at 7,646.58.
Technology shares, that were among the hardest hit this
week, rose 0.27%, boosted by gains in chipmaker Intel INTC.O
and iPhone maker Apple Inc AAPL.O .
Financials .SPSY gained 0.29%, as U.S. treasury yields
rose for the first time in three days, and gave a lift to
markets.
However markets were off their session highs, with traders
saying volatile trading and thin volumes were likely as market
participants geared up for the long weekend.
Foot Locker Inc FL.N plunged 16.8%, the most on the S&P,
after the footwear retailer missed quarterly profit and
same-store sales estimates.
Total System Services Inc TSS.N jumped 10.6% after
Bloomberg reported Global Payments Inc GPN.N has held
preliminary tie-up talks with the payment solutions provider.
Global Payments' shares rose 3.0%.
Autodesk Inc ADSK.O fell 5.8% after the software maker
reported quarterly earnings below expectations.
Advancing issues outnumbered decliners by a 1.77-to-1 ratio
on the NYSE and by a 1.85-to-1 ratio on the Nasdaq.
The S&P index recorded 36 new 52-week highs and 10 new lows,
while the Nasdaq recorded 30 new highs and 58 new lows.