NEW YORK (AFP) – U.S. stocks closed mixed Wednesday, with the Dow surging sharply higher and Apple dragging down the Nasdaq after its iPhone launch missed expectations.

At the closing bell, the Dow Jones Industrial Average was up 134.24 points (0.88 percent) at 15,325.30.

The broad-market S&P 500 index advanced 5.02 (0.30 percent) to 1,689.01, while the tech-rich Nasdaq dipped 4.01 (0.11 percent) to 3,725.01.

Apple shares sank 5.4 percent to $467.89, a day after unveiling two new iPhones and dashing expectations that a media event in Beijing would reveal a deal with China Mobile, the country’s biggest carrier.