Wall Street erased earlier losses and ended little changed on Monday as investors shrugged off a surprise weekend interest rate hike from China's central bank.

The Dow Jones industrial average was down 17.78 points, or 0.15 percent, at 11,555.71. The Standard & Poor's 500 Index was up 0.84 points, or 0.07 percent, at 1,257.61. The Nasdaq Composite Index was up 1.67 points, or 0.06 percent, at 2,667.27.

(Reporting by Ryan Vlastelica)