NEW YORK (AP) - U.S stocks inched mostly higher in light trading on Monday as investors shrugged off falling energy prices, a plunging Russian ruble and fears that Greece could renege on its bailout.
Stocks wavered throughout the day, with the Dow Jones industrial average moving between gains and losses several times. In the end the blue-chip index closed down slightly, but other major indexes recorded tiny gains.
"Most of the bad news came from overseas ... and that makes the U.S. market more attractive," said Jack Ablin, chief investment officer at BMO Private Bank. "Investors are shifting money from overseas."
The Standard & Poor's 500 index rose 1.80 points, or 0.1 percent, to 2,090.57. The Dow fell 15.48 points, or 0.1 percent, to 18,038.23. The Nasdaq composite rose 0.05 points to 4,806.91
With little economic or company developments in the U.S., investors focused on news Greece will have to call snap elections next month that could bring more economic turmoil to the country. The opposition party, which is against terms of the international bailout of the country, leads in the polls.