Wall Street erased early gains on Monday as shares of industrial companies and big manufacturers weighed on the market.

The Dow Jones industrial average <.DJI> gained 4.24 points, or 0.04 percent, to 9,936.21. The Standard & Poor's 500 Index <.SPX> gained 0.47 points, or 0.04 percent, to 1,065.35. The Nasdaq Composite Index <.IXIC> gained 1.17 points, or 0.05 percent, to 2,220.34.

(Reporting by Edward Krudy; editing by Jeffrey Benkoe)