Stock Market Today: Stocks Mixed on Tech Sector Weakness; Apple Stumbles

NEW YORK (TheStreet) -- U.S. stock indices were mixed early Wednesday afternoon, impacted by losses in the technology sector.

Support could be found, however, in cease-fire talks between Ukraine and Russia.

The Dow Jones Industrial Average rose 0.17% to 17,097.34. The S&P 500 rose 0.08% to 2,003.79. The index earlier hit a new intraday high, reaching 2,009.28 during the day. The Nasdaq slipped 0.6% to 4,570.71. Apple (AAPL) was putting downward pressure on the S&P and Nasdaq. Shares fell 4.21% to $98.97 on calls to take profits on the stock heading into the tech giant's Sept. 9 media event.

Advancers were slightly ahead of decliners by a ratio of 1.04 to 1 on the New York Stock Exchange. Decliners had a slight edge over advancers on the Nasdaq by a 1.29 to 1 ratio. Microsoft (MSFT) was also a drag on technology shares, one of the only two sectors in the red; the other being consumer cylicals. 24 of 30 Dow components were in the green.

Read More: Sept. 3 Premarket Briefing: 10 Things You Should Know

Ukrainian President Petro Poroshenko announced he and Russian President Vladimir Putin had agreed on a "cease-fire process," correcting an earlier statement that a "permanent cease-fire" had been agreed upon. The Kremlin said the two leaders had "coincided significantly" on possible ways to end the crisis, British Broadcasting Corp. reported.

Read More: European Stocks Rally on Potential Russa/Ukraine Cease-Fire

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