NEW YORK (AP) — Stocks turned higher in late-afternoon Wednesday, recovering from an early loss. Technology stocks including Apple and Facebook posted solid gains, overcoming weakness in consumer staples makers including Coca-Cola. Energy companies fell along with the price of crude oil.

Investors are also working through the Federal Reserve's latest policy statement. The Fed didn't make any changes to interest rates but left the door open for increases later this year.

KEEPING SCORE: The Dow Jones industrial average rose 38 points, or 0.2 percent, to 18,511 as of 3:35 p.m. Eastern. The Standard & Poor's 500 index rose a point, or 0.1 percent, to 2,170 and the Nasdaq composite rose 37 points, or 0.7 percent, to 5,147.

FED WATCH: The Federal Reserve voted to keep interest rates unchanged while noting that "near-term risks" to the economy have "diminished." The Fed said the U.S. job market has rebounded, with strong job gains in June following weak growth in May. Investors will get another policy decision by one of the world's central banks on Friday, when the Bank of Japan is likely to vote to increase its economic stimulus efforts.

EARNINGS BEAT: Apple soared $6.72, or 7 percent, to $103.38. While the company reported lower revenue and iPhone sales, it still earned $10.5 billion last quarter, well above analysts' estimates. Apple had been one of the biggest drags on the market this year as investors became concerned that its years of massive growth were coming to an end. Apple nearly erased its loss for the year.

ANALYST'S VIEW: "The expectations for Apple were abysmal," said Daniel Morgan, a portfolio manager at Synovus Trust Company who owns shares of Apple. "Everyone is waiting for later this year, when Apple releases new products."

Apple is the first of the major technology companies to report this week. Investors will get quarterly results from Facebook after the close of trading Wednesday, followed by Amazon and Google later this week.

OIL: Benchmark U.S. crude fell $1, or roughly 2.3 percent, to close at $41.92 a barrel on the New York Mercantile Exchange, continuing its month-long decline. Brent crude, used to price international oils, fell $1.40 to $43.47 a barrel in London.

Energy stocks were among the biggest decliners as oil prices fell. Marathon Oil, Transocean and Hess Corporation all fell 4 percent or more.

PLUCKED: Twitter plunged $2.63, or 14 percent, to $15.83. The social media company reported another loss and user adoption rates continue to slow. Roughly 313 million people regularly used Twitter last quarter, a fraction of the 1.6 billion people who use Facebook regularly.

"It's really now becoming a question on whether Twitter as a concept is something financially viable. Fundamentally, is this going to work?," Morgan said.

FLAT: Coca-Cola fell $1.43, or 3.2 percent, to $43.46 after the beverage giant trimmed its sales outlook for the year, citing weak demand in China and other international markets. Coke has faced headwinds in the U.S. and internationally as more consumers move away from sugary drinks.

BONDS, CURRENCIES: Bond prices rose. The yield on the 10-year Treasury note fell to 1.51 percent from 1.56 percent, most of the gains coming after the Fed's announcement. The dollar rose to 105.45 yen from 104.63 yen and the euro fell to $1.1052 from $1.0986.

METALS: The price of gold rose $5.90 to $1,326.70 an ounce, silver rose 31 cents to $20 an ounce and copper fell 4 cents to $2.19 a pound.

OTHER ENERGY TRADING: Heating oil fell 3 cents to $1.30 a gallon, wholesale gasoline futures fell 2 cents to $1.32 a gallon and natural gas fell 4 cents to $2.67 per 1,000 cubic feet.