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By Chuck Mikolajczak

NEW YORK (Reuters) - Wall Street advancedWednesday but remained hemmed in a recent trading range asdisappointing economic data hindered the S&P 500 from breakingthrough a stubborn technical level.

Markets were pressured early by a report showing a measureof New York state business conditions slipped to the lowestlevel in more than a year, while industrial output rose at aslower rate in August.

The S&P found support shortly after the reports at its200-day moving average, climbing back above the 1,115 level.

But the benchmark index was once again unable to pierce the1,130 threshold, seen as a key resistance level by analysts,which, if breached, could spark further buying.

"Pretty much everything was down across the board as far asthe data, and the market really didn't flinch. It recoveredquite nicely once the bell rang," said Dan Cook, senior marketanalyst at IG Markets in Chicago.

"We are due for a serious test of that 1,130 this week, andwe should get a determination there. Maybe we are just taking apause before that next charge begins."

The Dow Jones industrial average gained 46.24points, or 0.44 percent, to 10,572.73. The Standard & Poor's500 Index rose 3.97 points, or 0.35 percent, to1,125.07. The Nasdaq Composite Index climbed 11.55points, or 0.50 percent, to 2,301.32.

Among the top decliners, energy shares were pressured by afall in crude oil prices and technology shares lost groundafter some bearish analyst comments.

Equities were little moved after the Japanese governmentintervened in global currency markets to sell yen for the firsttime in six years, though the U.S. dollar climbed.

October crude futures settled down 1 percent to$76.02 per barrel, while the S&P Energy index lost 0.2percent.

Chevron Corpslipped 0.4 percent to $79.21 and wasamong the top decliners on the Dow.

Fellow Dow component Kraft Foods Inc gained 1.7percent to $31.59 after saying it would squeeze another $1billion in revenue from its global business by 2013 as itsNorth American business faces challenges.

Semiconductors edged lower after Goldman Sachs downgradedchipmakers Micron Technology Inc to "neutral" and MaximIntegrated Products Inc to "sell."

Micron shares lost 4.5 percent to $6.94 and Maxim shed 0.5percent to $16.75. The Philadelphia semiconductor indexfell 0.3 percent.

Volume was light with about 6.6 billion shares traded onthe New York Stock Exchange, the American Stock Exchange andNasdaq, well below last year's estimated daily average of 9.65billion.

Advancing stocks outnumbered declining ones on the NYSE byabout 1.1 to 1, while on the Nasdaq, advancers beat declinersfour to three. (Editing by Padraic Cassidy)