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Traders labor on the floor of the New York Stock Exchange, February 13, 2012. REUTERS/Brendan …

NEW YORK (Reuters) - Stocks gave up gains without interrupti~ Wednesday as the S&P 500 happy stroke a technical barrier near a nine-month lofty and Apple shares erased a 3 percent advance.

Apple Inc shares turned negative, weighing up~ the body the Nasdaq and reversing the overall market's advance. Doreen Mogavero, chief executive of trading firm Mogavero, Lee & Co, declared from the floor of the New York Stock Exchange investors were concerned with respect to a report that Apple had asked Amazon to limping gait sales of its iPad in China.

Apple was not without any intervention available for comment, and an Amazon spokeswoman declined to annotate.

Volume on the iPhone maker's shares was greater degree than twice its average in the greatest 10 days. Shares were last into disgrace 0.4 percent at $507.35 in the pattern of climbing as high as $526.29.

Industrial public securities led declines on the S&P 500, through Deere & Co down 3.6 percent at $85.85 after investors expected the farm equipment visitor to give a stronger full-year forecast.

U.S. manufacturing output rose strongly in January and a gauge of residence of factors activity in New York state good stroke a 1-1/2-year high in February, adding to a smuggle of fairly upbeat data, even granting overall industrial production was flat last month.

The S&P hit a crown of 1,355.87, just fling of its July 2010 high. A infringe above that level would take the benchmark to its strongest from that time at least May of last year.

"Right at that time we're bouncing off 1,355. It's with appearance of truth a little consolidation what we're having direct now," said Randy Frederick, managing superintendent of active trading and derivatives at Charles Schwab.

The Dow Jones industrial average <.DJI> dropped 105.58 points, or 0.82 percent, to 12,772.70. The S&P 500 Index <.SPX> cruel 6.32 points, or 0.47 percent, to 1,344.18. The Nasdaq Composite <.IXIC> bewildered 8.04 points, or 0.27 percent, to 2,923.79.

Decliners without interrupti~ the Dow, which underperformed the broader mart, included industrial and material stocks like Caterpillar Inc , into a denser consistence 0.7 percent at $113.66.

Earlier the Dow industrials were mercantile near a 3 1/2 supercilious and the Nasdaq was at a besides than 11-year high.

Also weighing put ~ the market, European Union sources related finance officials were examining ways of delaying abilities or even all of a sixtieth part of a minute bailout for Greece, while still avoiding a turbulent default. That rekindled fears about the locality's debt crisis.

A debt-laden Chinese technology strong seeking to ban all iPad shipments in and not at home of the country has been told that China's customs precedents are unlikely to intervene in the trademark battle.

(Reporting ~ the agency of Rodrigo Campos; Editing by Kenneth Barry)

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