By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks pulled mildly higher on Wednesday, ahead of a Senate panel vote on a resolution supporting the use of U.S. military force in Syria and with Apple Inc. bolstering technology gains.
Apple (AAPL) shares rose 2.2% to after Cantor Fitzgerald LP started coverage of its shares with a buy rating and a 12-month target of $777.
The Dow Jones Industrial Average (DJI) fell 25 points to 14,808.51.
The S&P 500 index (SPX) declined 1 point to 1,638.81, with technology the best performing and natural-resources hardest hit among its 10 major sectors.
The Nasdaq Composite (RIXF) rose 1.16 points to 3,613.75.
Decliners were just ahead of advancers on the New York Stock Exchange, where 60 million shares traded as of 9:45 a.m. Eastern.
Composite volume hit 236 million.
On the New York Mercantile Exchange, both crude and gold futures fell, with oil (CLV3) down $1.39, or 1.2%, at $107.15 a barrel and gold (GCZ3) losing $18.10, or 1.3%, to $1,393.90 an ounce.
The U.S. dollar (DXY) edged lower against currency rivals including the yen (USDJPY) and euro (EURUSD) . U.S. Treasury prices were little changed, with the yield on the 10-year note (10_YEAR) holding steady at 2.855%.
In a televised news conference with Sweden's prime minister, President Barack Obama continued to make his case for a military reply to the use of chemical weapons against civilians in Syria last month.
"We believe very strongly with high confidence that chemical weapons were used; we want to join with the international community for an effective response," Obama said. "Even Syria doesn't deny they were used; the only remaining dispute is who used them," Obama said in Stockholm, as his top national security aides readied Wednesday to brief lawmakers in public and private hearings on Capitol Hill.
The Federal Reserve releases its Beige Book survey of economic conditions in its 12 districts at 2 p.m. Eastern, with investors looking for clues as to the timing and amounts of any cuts in the central bank's $85 billion in monthly bond purchases.
-Kate Gibson; 415-439-6400; AskNewswires@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
09-04-13 1000ETCopyright (c) 2013 Dow Jones & Company, Inc.
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