The 30-stock index was up just 8 points, while Boeing and Apple gained more than 1 percent each. Boeing rose after the company unveiled fixes to its 737 Max planes, which follow two deadly crashes involving the plane in less than six months.
But the broader market remained lower as worries over a possible economic slowdown lingered. The S&P 500 and Nasdaq Composite declined 0.3 percent and 0.5 percent, respectively.
Health care, utilities and energy were the worst-performing sectors, falling more than half a percent. Abiomed and Advanced Micro Devices were among the worst-performing stocks in the S&P 500, sliding more than 3 percent each.
The benchmark 10-year rate traded at 2.386 percent and hit its lowest level since late 2017. Investors are keeping an eye on rates after the 10-year fell below the 3-month rate last week for the first time since 2007. It is a development that investors call an inverted yield curve and is seen as an early indicator of a recession.
The U.S. Treasury yield curve has inverted before each recession in the past 50 years and has only offered a false signal just once in that time, according to data from Reuters.
“All eyes are going to be on the Treasury market,” said Michael Reynolds, investment strategy officer at Glenmede. “We are seeing a rising probability of recession in recognition of these rising risks, but we’re not blowing off the top just yet.”
Brendan McDermid | Reuters
Investors have been piling into Treasurys amid the release of weaker-than-expected economic data. The disappointing data have stoked fears that economic growth may be slowing down.
Chinese industrial profit suffered their biggest drop since 2011 in the first two months of the year, falling 14 percent year to date. Data released Tuesday showed consumer confidence slipped for the fourth time in five months.
Wall Street’s main indexes registered solid gains in the previous session, but finished below their session highs in a reflection of the underlying concerns about the economic outlook.
“We need global growth to stabilize to help propel stocks higher from here,” Tom Essaye, founder of The Sevens Report, said in a note. “The currency and bond markets continue to flash large and bright ‘caution’ signs on this market, and until bond markets start ‘acting’ better, I think it’ll be hard for stocks to sustainably rally.”
Shares of WellCare Health Plans surged more than 9 percent after announcing it would sell itself to Centene for $15.27 billion in a cash-and-stock deal. Centene shares, meanwhile, dropped 7 percent.
—CNBC’s Sam Meredith contributed to this report.