The Dow Jones Industrial Average improved 8 points, or 0.1%, at 11,125. The S&P 500 lost 1 point, or 0.1%, at 1206, while the Nasdaq went ahead by 4 points, or 0.2%, at 2505.
Phil Orlando, chief equity market strategist at Federated Investors, said the market is reacting to a combination of earnings and lingering concerns.
"The corporate earnings season has been terrific. Apple's earnings last night were really jaw-dropping and Morgan Stanley's report was pretty strong. Overall, I'd go so far as to say that earnings have been better than expected," Orlando said. "On the flip side, the negative side, there are residual concerns about Goldman Sachs(GS) and ongoing concerns about what's happening with Greece. These elements are all coming together."
Following the government's inventory report, the June delivery crude oil contract finished 17 cents lower, settling at $83.68 a barrel.
Elsewhere in commodity markets, the June gold contract added $9.60 to settle at $1,148.80 an ounce.
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