The Dow Jones Industrial Average fell more than 600 points at one point, extending the index's losing streak to five sessions.
The S&P 500 index rose 4 points, or 0.2 percent, to 2,639.
Stocks had tumbled on Tuesday after companies including Caterpillar, 3M and Sherwin-Williams said they seeing higher costs.
Aerospace company Boeing topped Wall Street's estimates in the first quarter and raised its forecasts for the year. Fox rose 1.6 percent to $36.58, while Disney, which plans to buy most of Fox's overseas and entertainment assets, climbed 1.7 percent to $101.15. Sky gained 3.9 percent in London. FB tumbled nearly 4% yesterday after higher expenses at Google parent Alphabet raised concerns about profitability for the tech titans.
Say hello to the iX3, BMW's 'first' electric auto
With the world premiere of the BMW Concept iX3 , the BMW Group is opening a new chapter in its electrification strategy. The concept is also fitted with light-alloy wheels in an aerodynamically optimised design.
THE QUOTE: Stocks shot up at the end of 2017 and the start of 2018 as investors bet that the recent corporate tax overhaul would lead to bigger profits for American companies and greater economic growth.
The 10-year yield, a benchmark for global borrowing costs, has been driven steadily higher by a combination of concerns over inflation, growing debt supply and rising Federal Reserve borrowing costs.
The S&P 500 was slightly up and the Nasdaq was slightly down by the closing bell. Hong Kong's Hang Seng lost 0.7 percent to 30,108.64 and the Shanghai Composite in mainland China lost 0.9 percent to 3,089.21. "This market rally for the last nine years has been driven by low interest rates, accommodating monetary policy and excess liquidity", said Oliver Pursche, chief market strategist for Bruderman Asset Management in NY.
Economic data released Tuesday morning included a reading on home sales, which surged to a near four-year high.
United Nations comes up short for Syria 2018 refugee funds
The geographical advances of the regime show just how much Assad has gained in the north, and that is changing the game. At the same time, only 660 thousand of them were registered as refugees.
As for the tech-heavy Nasdaq, that has battled back even harder and is now up 9.7 points at 7,017 having fallen well below 6,950 in early trading.
CURRENCIES: The dollar inched up to 108.86 yen from 108.84 yen. Japan's benchmark Nikkei 225 rose 0.9 percent, helped by the weaker yen. The euro fell to $1.2175 from $1.2237.
ENERGY: Benchmark U.S. crude oil fell 10 cents to $67.60 a barrel. It's up 33 percent over the last 12 months and trading at its highest price in more than three years. Industrials fell 0.6 per cent as shares of railroad companies lost ground. Natural gas rose 1.5 percent to $2.78 per 1,000 cubic feet. Exxon Mobil rose 1.5 percent after raising its dividend.
Rafa Benitez Reacts to Islam Slimani's Full Newcastle United Debut
After an up-and-down spell at Goodison so far, the French midfielder is starting to find form and impress the Everton faithful. If we all work together, all stick together, slowly but surely we'll get there'.