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) agreed to merge in a $3.2 billion deal, forming an entity with total invested assets of $21 billion. Transatlantic's stock was adding 9.5% to $48.19 while Allied's stock dropped 4.5% to $55.44. Global apparel company was VF Corp ( VFC) agreed to buy footwear company Timberland ( TBL) for around $2 billion, or $43 a share. Timberland shares soared 43.8% to $43.11, while VF's stock gained 10.0% at $101.01. Shares of EMS Technologies ( ELMG) jumped 32.26% to $32.80 on news that the wireless communication equipment company agreed to be acquired by Honeywell International ( HON) for $491 million, or $33 a share. Honeywell's stock ended up 0.32% at $55.71. Shares of Wendy's Arby's Group ( WEN) rose 0.9% to $4.56 on news that the company reached a deal to sell Arby's Restaurant Group for $430 million to a buyer formed by Roark Capital Group. There was also a report that giant commodities trader Glencore is considering a 12-billion-pound ($19.5 billion) bid for Kazakh miner Eurasian Natural Resources, according U.K. newspaper The Sunday Times. "Interest rates are low, companies still have a lot of cash and they're looking to grow, so acquisitions are a good strategy," said Peter Tuz, president at Chase Investment Counsel. The latest round of deals, he said, "gave the market a shot of good news this morning."