Rebound in oil prices spurs gains in S&P 500, Dow

The S&P 500 and the Dow reversed course and edged higher on Wednesday after a sharp surge in oil prices helped counter losses from Apple and Boeing's weak forecasts. Apple's shares were down 4.4 percent at $95.59, after the iPhone maker also reported its slowest-ever rise in shipments on Tuesday, while Boeing was down 6.6 percent at $119.50, on track for its biggest fall since August 2011. The declines in both stocks capped gains on the indexes and kept the tech-heavy Nasdaq in the red.