In the United States, the S&P and Nasdaq finished in the red while the Dow closed well off its session highs as cautious trade optimism faded.
Nervousness has heightened volatility in stocks recently, with a tendency for stocks to lose morning gains as the day wears on. Investors have been cautiously optimistic about U.S. Over the past two sessions, stock indexes gave up most early gains.
"The overhang concerns about earnings, recession and what the Fed is doing, it continues to take the wind out of the market each time in the past few weeks we've seen the market try to go up".
The Dow Jones Industrial Average rose 61.07 points, or 0.25 percent, to 24,588.34, the S&P 500 gained 1.45 points, or 0.05 percent, to 2,652.52 and the Nasdaq Composite dropped 14.19 points, or 0.2 percent, to 7,084.12.
USA economic data showed jobless claims fell last week to near 49-year lows, while import prices dropped as the cost of petroleum products tumbled.
Shares in Europe will little changed in see-saw trade as investors remained uncertain about Britain's exit from the European Union.
The pan-European STOXX 600 index lost 0.17 percent and MSCI's gauge of stocks across the globe shed 0.17 percent.
In a widely anticipated move, Mario Draghi, president of the central bank, said that it would stop its four-year-long strategy of quantitative easing, reducing purchases from €15 billion a month to zero.
The dollar index rose 0.02 percent, with the euro down 0.04 percent to $1.1363.
Oil prices were higher after data showed inventory declines in the United States and as investors began to expect the global oil market could have a deficit sooner than previously thought.
US crude rose 2.8 percent to $52.58 per barrel and Brent was last at $61.43, up 2.13 percent.
This story has not been edited by Firstpost staff and is generated by auto-feed.