The Dow fell 153.81 points to 25,319.42, but the broader S&P 500 rose 0.3 percent to 2,758.27 and the tech-heavy Nasdaq was up an even stronger 0.7 percent at 7,474.61.
The fatal crash of the Ethiopian Airlines Flight ET302 -- the second involving a Boeing 737 Max 8 in five months -- caused airlines in three countries to ground all flights involving the popular jet and cast fresh safety concerns on the airline.
"The Dow Jones Industrial Average is a price-weighted average, and it just so happens that Boeing is its highest-priced component, which means it is going to have some outsized influence on its performance," he wrote.
The Commerce Department meanwhile reported US retail sales had recovered slightly after a dismal December.
Investors also likely were comforted by the latest public remarks from Federal Reserve Chairman Jerome Powell, who told the weekly television news broadcast 60 Minutes the central bank was likely to be patient before raising interest rates again.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)