Apple's results weighed on U.S. stock prices on Wednesday after the technology giant posted its first annual revenue decline since 2001, while oil and gold prices slipped.

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 Apple , the world's largest company by market capitalization, fell 2.2 percent after it acknowledged the strong demand for its iPhone 7 Plus caught the company off-guard and it was struggling to keep up with demand.

           The technology giant pulled down the S&P 500 stock index and Nasdaq, but gains in Boeing  buoyed the price-weighted Dow Industrials.

The Dow Jones industrial average <.DJI> rose 30.06 points, or 0.17 %, to 18,199.33, the S&P 500 <.SPX> lost 3.73 points, or 0.17 percent, to 2,139.43 and the Nasdaq Composite <.IXIC> dropped 33.13 points, or 0.63 percent, to 5,250.27.

 Gold prices fell as investor appetite for riskier assets recovered slightly, denting demand for safe-haven bullion.

Spot gold  fell 0.63 % to $1,265.86 an ounce by 4:00 p.m. ET (2000 GMT).

Oil prices bounced off session lows for a time after the U.S. government reported a surprise drawdown in crude inventories, but oil ended lower on growing doubts that OPEC would cut production enough to drain a global oversupply.

U.S. crude oil futures <CLc1> were at $49.17 a barrel, down 79 cents or 1.58 % at 4:00 p.m. ET (2000 GMT). They had dipped to $48.87, the lowest since Oct. 4.

Brent crude <LCOc1> was down 88 cents, or 1.73 %, at $49.91, their weakest level in nearly a month.