U.S. stock futures were little changed Wednesday morning.
On Tuesday, the Nasdaq finished at its highest level since September 2000. The Dow Jones Industrial Average is trading 3% below its all-time high, while the S&P 500 is less than 2% shy of its record peak.
Traders have pushed markets higher as worries about the possibility of U.S.-led military strikes on Syria faded. It now looks like a diplomatic resolution may be possible after the Syrian government said it would be willing to turn over its chemical weapons.
"A combination of falling crude prices (down 4% since Friday), a potential back down in the threat of a US military strike in Syria and yesterday's firmer Chinese industrial production data combined to give the S&P500 (+0.73%) its longest winning streak since July," wrote Deutsche Bank analyst Jim Reid in a client note.
Apple (Fortune 500) shares fell more than 4% premarket, a day after the company unveiled two new iPhones that met with lukewarm reception. Separately, Apple got the OK to , run iPhones on China Mobile's exclusive network, in the latest sign that a deal between the two firms may be in the works.
Investors will also be keeping tabs on Verizon (Fortune 500). The telecom giant is expected to announce a record $49 billion bond sale to help fund its Verizon Wireless purchase from , Vodafone (, according to news reports. )
"The previous record was set by Apple which 'only' launched $17bn back in May," Reid noted. (Apple prices record $17 billion bond sale)
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