Stocks rise as analysts watch Syria crisis

Traders work on the floor at the New Traders work on the floor at the New York Stock Exchange in Manhattan. Financial markets settled down Wednesday following the previous day's big moves when an easing of concerns over an imminent U.S.-led military strike on Syria. (Sept. 3, 2013) Photo Credit: AP

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Investors decided the risk of a conflict with Syria is shrinking and sent stock prices higher.

The Dow Jones industrial average rose 135.54 points to 15,326.60 Wednesday. A big decline in Apple and other technology companies held back the Standard & Poor's 500 index, which edged up 0.31 percent, to 1,689.13. The tech-heavy Nasdaq composite fell 0.11 percent to 3,725.01.

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U.S. and Russian diplomats are working on a plan that would lead to Syria giving up chemical weapons that President Barack Obama says were used against civilians. Obama said the United States will explore a possible diplomatic solution, though the U.S. military remains ready to attack.

After a tough August, stocks have been rising in September. The S&P 500 is up 3.4 percent so far this month. Since September began, a U.S. strike on Syria has gone from seeming imminent to being something that may or may not ever happen.

The yield on the 10-year Treasury note fell to 2.92 percent from 2.97 percent a day earlier.

Traders on the floor of the New York Stock Exchange observed a moment of silence shortly before trading began on the 12th anniversary of the Sept. 11 terrorist attacks. -- AP

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