Stocks pause as traders wait on key economic news

NEW YORK (AP) - After dawdling between small gains and losses in a slow day of summer trading, the stock market ended little changed on Monday.

Instead of worrying about the conflict between Russia and Ukraine or trouble in the world's other hot spots, investors appeared to sit tight.

The main reason, said Robert Pavlik, chief market strategist at Banyan Partners, a wealth management firm, is that the news that's most likely to move the market comes out later in the week.

On Wednesday, the Federal Reserve wraps up a two-day meeting then issues a statement that investors will study for any hints about the Fed's next interest-rate move.

On Friday, the government releases its closely watched monthly jobs report.

The S&P 500 index edged up 0.57 of a point, or 0.03 percent, to close at 1,978.91.

The Dow Jones industrial average rose 22.02 points, 0.1 percent, to 16,982.59, while the Nasdaq composite slipped 4.65 points, or 0.1 percent, to 4,444.91.

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