US STOCKS SNAPSHOT-Wall St pares losses on report of Bannon's likely exit

Aug 18 (Reuters) - U.S. stocks pared losses in late morning trading on Friday after a report by news website Axios that White House Senior Adviser Steve Bannon could exit soon.

The report said White House Chief of Staff John Kelly would decide whether Bannon, one of President Donald Trump's top aides, will keep his job.

At 11:50 a.m. ET the Dow Jones industrial average was down 12.89 points, or 0.06 percent, at 21,737.84, the S&P 500 was up 3.18 points, or 0.130864 percent, at 2,433.19 and the Nasdaq Composite was up 19.20 points, or 0.31 percent, at 6,241.11. (Reporting by Tanya Agrawal; Editing by Anil D'Silva)