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By Akane Otani and Mike Bird 

The Dow Jones Industrial Average rose as a gain by 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 earnings, according to FactSet, with energy, industrial and technology companies posting the weakest results so far.

Apple, which reported its first annual revenue decrease in 15 years, was the biggest decliner in the Dow industrials on Wednesday, falling $2.66, or 2.2%, to $115.59. The company is the biggest drag on the S&P 500 tech sector's third-quarter earnings, according to FactSet analyst John Butters.

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.

The Dow industrials got their biggest lift Wednesday from Boeing, which contributed nearly 45 points to the index after the aircraft maker raised its full-year guidance. Boeing rose 6.52, or 4.7%, to 145.54, its highest level of the year.

The blue-chip index recovered from earlier losses and closed up 30.06 points, or 0.2%, at 18199.33.

"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 33.13 points, or 0.6%, to 5250.27, and the S&P 500 shed 3.73 points, or 0.2%, to 2139.43.

Chipotle Mexican Grill fell 37.65, or 9.3%, to 368.02 after the burrito chain reported declines in quarterly sales and profit Tuesday as it recovers from a string of food-safety incidents.

Southwest Airlines lost 3.55, or 8.5%, to 38.40 after it signaled that a weak revenue environment could persist.

U.S. crude-oil prices fell to a three-week low. A U.S. Energy Information Administration report showed that crude stockpiles dropped by 553,000 barrels in the week ended Oct. 21. But some analysts said the drop wasn't large 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.

Elsewhere around the globe, stocks mostly fell. The Stoxx Europe 600 index pulled back 0.4% and the U.K.'s FTSE 100 index shed 0.8%. The British pound bounced back against the dollar, rising 0.5% to $1.2246 after falling Tuesday.

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

Corrections & Amplifications: European stocks opened lower Wednesday, and German 10-year yields rose in intraday trading to 0.08% from around 0.02% on Tuesday. Earlier versions of this article misstated the day of the week as Thursday and incorrectly gave the figures as 0.57% and 0.22%.

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

(END) Dow Jones Newswires

October 27, 2016 02:47 ET (06:47 GMT)

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