NEW YORK ( TheStreet) -- Stocks finished near the flat line in a choppy trading session on Monday with Wall Street balancing a fresh round of M&A against another downgrade of Greece's credit rating.
The major U.S. equity indices are down for six consecutive weeks, the longest losing streak since late 2002, and week seven is off to a mixed start. The Dow Jones Industrial Average inched up 3 points, or 0.02%, to close at at 11,955. The S&P 500 settled up 1 point, or 0.10%, at 1272, while the Nasdaq Composite lost 4 points, or 0.16%, to 2639.
In the absence of new economic data, a slew of corporate mergers and acquisitions relieved some of the recent downside pressure, but Standard & Poor's decision to cut Greece's credit ratings by three notches kept the optimism in check.The biggest deal of the day involved the insurance industry. Allied World Assurance (AWH) and Transatlantic Holdings (TRH)
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