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NEW YORK (CNNMoney)
The Dow Jones industrial average, S&P 500, and the Nasdaq rose between 0.3% and 0.6%.
Obama is seeking approval from Congress to carry out a military strike after saying U.S. intelligence showed that Syria used chemical weapons which killed more than 1,400 people.
Several key Democrats and Republicans have thrown their support behind Obama's plan in recent days, though a number of hurdles must still be overcome before the U.S. can take military action.
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While investors are more likely to focus their attention on the situation in Syria Wednesday, there will also be some economic data for the market to digest.
The Federal Reserve will come into focus in the afternoon when it releases its Beige Book, a report summarizing economic conditions in the country, as the key data could influence the Federal Reserve's decision on its stimulus policies. There is speculation that the Fed could decide to begin pulling back on its $85-billion-a- month bond buying program at its meeting later this month.
Still, investors may remain cautious ahead of the August jobs report due Friday, as the health of the labor market is a key factor for the Fed. Analysts are expecting that the economy added 177,000 jobs last month, and that the unemployment rate held steady at 7.4%.
Meanwhile, investors will keep tabs on August auto sales Wednesday.
Earlier in the day, the Commerce Department said the trade deficit widened by 13% in July to $39.1 billion from an almost four-year low as exports slowed.
Related: Impact of war on stocks and oil
What's moving: Shares of LinkedIn (LNKD) fell more than 2% after the job search website announced plans to sell $1 billion worth of stock in a secondary offering.
Shares of JCPenney (JCP, Fortune 500) rose sharply after two hedge funds -- Hayman Capital and Glenview Capital-- announced new stakes in the struggling retailer.
H&R Bloc (HRB)shares fell after missing analyst expectations.
Shares of Dollar General (DG, Fortune 500) rose after the retailer wowed Wall Street with its second quarter results. 
First Published: September 4, 2013: 9:43 AM ET
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