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
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
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
European stock indices rallied on Wednesday, galvanized by news of the potential cease-fire and a strong performance from Asia.
Chinese indices were buoyed by HSBC Holdings plc/Markit Economics composite purchasing managers' index, which rose for the fourth straight month in August.
In the U.S., factory orders jumped 10.5% in July vs. the 11% consensus, the Census Bureau reported on Wednesday. As expected, they fell 0.8% excluding the transportation component, which was driven by big orders from Boeing
The Federal Reserve's Beige Book report providing a snapshot of economic conditions from each of the 12 Fed districts will be released at 2 p.m. EDT.
In Wednesday's corporate headlines, CVS
Delta Air Lines