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By Akane Otani and Mike Bird 

The Dow Jones Industrial Average rose Wednesday as gains in Boeing helped offset Apple's losses.

Corporate earnings have driven some of the largest moves in stocks over the past week. More than a third of S&P 500 companies have reported quarterly results, according to FactSet, with energy, industrial and technology companies posting the weakest earnings growth so far.

Apple, which reported its first annual revenue decline in 15 years on Tuesday, led losses in the Dow industrials on Wednesday, falling 2.3%. The company is the biggest drag on the S&P 500 tech sector's third-quarter earnings growth from a year earlier, according to FactSet analyst John Butters.

Wednesday's decline chipped away at Apple's recent rally. Ahead of the earnings report Tuesday, Apple's share price had risen 15% from a recent low Sept. 9, two days after the company unveiled the latest iPhone. Apple is still up nearly 10% so far this year.

The Dow industrials got a lift from Boeing, which rose 4.7% after the aircraft maker raised its full-year guidance. The blue-chip index recovered from earlier losses and closed up 30 points, or 0.2%, at 18199.

"Earnings growth is going to be really, really key for continued growth in the market, even though we've muddled along without that for a while, " said Karyn Cavanaugh, senior market strategist at Voya Investment Management.

The Nasdaq Composite fell 0.6%, and the S&P 500 edged down 0.2%.

Shares of Chipotle Mexican Grill fell 9.3% after the burrito chain reported declines in quarterly sales and profit Tuesday as it recovers from a string of food-safety incidents.

Southwest Airlines declined 8.5% after it signaled a weak revenue environment could persist.

U.S. crude-oil prices fell for a third consecutive session. A U.S. Energy Information Administration report showed Wednesday that crude stockpiles dropped by 553,000 barrels in the week ended Oct. 21. But some analysts said it wasn't bullish enough to shake off concerns about the Organization of the Petroleum Exporting Countries' ability to reach a consensus about cutting production. U.S. crude fell 1.6% to $49.18 a barrel.

Bond yields in developed markets pushed higher. The yield on the 10-year Treasury note was at 1.790%, compared with 1.758% Tuesday. German 10-year yields rose to 0.09% from 0.02%.

Elsewhere around the globe, stocks mostly fell.

The Stoxx Europe 600 index pulled back 0.4% and the U.K.'s FTSE 100 index dropped 0.8%. The British pound bounced back against the dollar, rising 0.4% to $1.2224 after falling Tuesday.

Asian stocks closed broadly lower, with Hong Kong's Hang Seng down 1%. Japanese equities bucked the trend as the Nikkei Stock Average rose 0.2%.

Write to Akane Otani at akane.otani@wsj.com and Mike Bird at Mike.Bird@wsj.com

(END) Dow Jones Newswires

October 26, 2016 16:24 ET (20:24 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.