NEW YORK (TheStreet) -- New all-time highs were in sight for U.S. stocks on Monday as markets edged further into record-breaking territory. If benchmark indexes can sustain gains throughout the session, the Dow Jones Industrial Average and S&P 500 will bag new records after closing at all-time highs on Friday.
The S&P 500 added 0.15%, the Dow gained 0.08%, and the Nasdaq was flat.
European markets were lower after Greece's parliament failed to elect a president and Greek Prime Minister Antonis Samaras called for a general election in January. International investors are nervous that the left-wing Syriza party could win, putting the country's austerity plans in jeopardy.
"With the will of our people, in a few days bailouts tied to austerity will be a thing of the past," Syriza leader Alexis Tsipras said after the parliamentary vote.
The Athens Stock Exchange slid more than 4%, while Germany's Dax fell 0.54% and France's CAC 40 dropped 0.62%. The National Bank of Greece (NBG) tumbled more than 9%.
Oil prices were climbing as fighting intensified at Libya's major Es Sider Port. Earlier, fires wiped out three oil-storage tanks holding around 800,000 barrels of crude at Libya's central export terminal. Crude prices have been pressured for months as supply outstripped demand. West Texas Intermediate crude jumped 0.95% to $55.25 a barrel.
The Manitowoc Company (MTW) jumped more than 9% as activist investor Carl Icahn disclosed a 7.77% stake. Icahn hopes to break up the company's heavy machinery and cranes segment and its food-service equipment branch into two separate businesses.