The Dow Jones Industrial Average finished up by 61.75 points, or 0.2%, ending at 33,301.93, down from a session high of 33,697.18.
The S&P 500 closed higher by 8.76 points, or 0.2%, closing at 4,1983.96. The Nasdaq Composite fell 1.81 points, or less than 0.1%, finishing at 12,488.93.
Investors kept a close watch on the signs of conflict escalation in Europe after Russia’s Gazprom halted gas deliveries to Bulgaria and Poland due to a failure by those countries to pay in rubles.
The S&P 500’s growth sector slumped 3.7% Wednesday, while the communication services sector fell 2.6%, bucking the broader trend of a bounce for stocks.
Corporate earnings remained in focus as investors assessed quarterly results from mega-cap names.
Stocks that moved the market
Microsoft (NASDAQ: MSFT) rose 4.8%, providing support to the major averages, after strong earnings results, while Twitter (NYSE: TWTR) closed 2.9% lower on Wednesday.