Initial gains for stocks on Monday fizzled out, weighed by declines in tech and consumer shares.

The Dow Jones industrial average .DJI> lost 1.81 points, or 0.02 percent, to 10,616.45. The Standard & Poor's 500 Index .SPX> edged up 1.66 points, or 0.14 percent, at 1,146.64. The Nasdaq Composite Index .IXIC> was off 0.48 points, or 0.02 percent, to 2,316.69.

(Reporting by Leah Schnurr)