The S&P and Nasdaq were little changed on Monday as mixed corporate results left investors with little to embrace after the end of a multi-week rally, though the Dow gained modestly on Intel's higher dividend.
Dow component McDonald's Corp
Earnings have been fine, but they'll have to be better than fine for us to rise further given the height of the wall that we've climbed, said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in Greenwich, Connecticut.
The Dow Jones industrial average <.DJI> was up 28.42 points, or 0.24 percent, at 11,900.26. The Standard & Poor's 500 Index <.SPX> was up 0.12 points, or 0.01 percent, at 1,283.47. The Nasdaq Composite Index <.IXIC> was down 0.05 points, or 0.00 percent, at 2,689.49.
The S&P's seven-week-long advance came to an end last week, and the Nasdaq fell more than 2 percent as investors pulled back from outperforming technology shares. The Dow, however, notched its eighth week of gains.
More than 10 Dow components are set to report quarterly results this week, including American Express Co
(Editing by Padraic Cassidy)