Stocks Seesaw to Flat Close

Updated from 4:42 p.m. EDT

Stocks in New York closed near the flat line on Monday after an up-and-down session as the Supreme Court put the brakes on the sale of Chrysler to Fiat and Nobel-prize winning economist Paul Krugman predicted the recession's end is near.

The Dow Jones Industrial Average added 1.36 points, or 0.02%, to 8764.49, while the S&P 500 lost 0.95, or 0.1%, to 939.14. The Nasdaq fell 7.02 points, or 0.4%, to 1842.40.

Stocks spent most of the day in negative territory but reversed about the same time media reports emerged that Nobel Prize-winning economist Paul Krugman said the U.S. economy will probably emerge from the recession by the end of the summer. ...