Toronto stocks sank Wednesday, as the energy sector dropped despite a lift in the price of oil. The S&P/TSX composite index fell 127.39 points, or 1.20%, to 10,493.11.

Volume on the senior exchange was 237 million shares.

Though crude futures finished up 0.9% at US$64.12 a barrel, the energy sector lost 3.17%.

Calgary-based PetroKazahkstan lost $1.42, or 2.71, to $50.90, while EnCana Corp. lost $2.30, or 3.83%, to $57.81.

The December gold futures contract finished down $3.20 at $476.60. The gold sector lost 2.69%.

Barrick Gold shed 69¢, or 2.43%, to $27.65.

Nine of the 10 TSX main sub-groups ended lower on the day, with only the utilities sector ending in the black, up 0.15%.

The junior S&P/TSX venture exchange finished down 30.43 points, or 1.44%, to 2,089.87.

In New York, markets were down as investors processed what it saw as poor corporate news from Apple Computer Inc.

The Dow Jones industrial average fell 36.26 points, or 0.35%, to 10,216.91. The broad-based S&P500 fell 7.19, or 0.61%, to 1,177.68, while the technology-heavy Nasdaq composite index fell 23.62, or 1.15%, to 2,037.47.

Despite reporting a huge increase in profit over last year, Apple saw its share price fall as investors were disappointed with revenue numbers.