NEW YORK – The latest on developments in financial markets (all times local):

4 p.m.

Stock indexes closed broadly lower on Wall Street even as a surge in Apple’s stock moved the company closer to being worth $1 trillion.

Apple jumped 5.9 per cent Wednesday, its biggest gain in a year and a half, after saying made more money from iPhone sales thanks to higher prices.

Elsewhere, losses for energy and industrial companies left major indexes lower. Anadarko Petroleum sank 4.9 per cent after reporting weak results.

The S&P 500 index fell 2 point, or 0.1 per cent, to 2,813.

The Dow Jones Industrial Average lost 81 points, or 0.3 per cent, to 25,333. The Nasdaq composite gained 35 points, or 0.5 per cent, to 7,707.

More stocks fell than rose on the New York Stock Exchange.

Bond prices fell. The yield on the 10-year Treasury rose to 3 per cent.

___

11:45 a.m.

A surge in Apple’s stock wasn’t enough to lift the broader market as energy and industrial companies slumped.

Apple was on pace for its biggest gain in a year and a half Wednesday after the company said its earnings jumped thanks to higher priced iPhones. The stock rose 5.2 per cent, bringing its value closer to $1 trillion.

Energy companies fell along with oil prices. Exxon Mobil lost 1.2 per cent.

The S&P 500 index fell 1 point, or 0.1 per cent, to 2,814.

The Dow Jones Industrial Average slipped 30 points, or 0.1 per cent, to 25,383. The Nasdaq composite gained 19 points, or 0.2 per cent, to 7,691.

Bond prices fell. The yield on the 10-year Treasury rose to 2.99 per cent.

___

9:35 a.m.

U.S. stocks are rising at the opening bell as Apple surges following a strong quarterly report.

Banks are jumping Wednesday as a strong report on private company hiring sends interest rates higher.

Apple jumped 4.3 per cent after it beat Wall Street’s expectations in its fiscal third quarter and forecast better-than-expected sales.

Bond yields climbed after a survey by payroll processor ADP said private U.S. businesses added 219,000 jobs in July. The yield on the 10-year Treasury note rose to 3.01 per cent.

Bank of America gained 1.5 per cent.

S&P 500 rose 6 points, or 0.2 per cent, to 2,822.

The Dow rose 19 points, or 0.1 per cent, to 25,435. The Nasdaq composite gained 36 points, or 0.5 per cent, to 7,708.