NEW YORK (CNNMoney) -- Stocks ended mixed on Monday after a day of choppy trading, following the election in Greece which yielded a win for the pro-bailout party.
While that was an initial positive for the markets, Greece's economy is far from out of the woods, and Europe's debt crisis is still hitting other sovereign nations hard.
"The Greek election is the lack of a negative," said Peter Boockvar, an equity strategist at Miller Tabak. "I won't call it a positive though."
The Dow Jones industrial average (INDU) shed 25 points, or 0.2%. The S&P 500 (SPX) gained 2 points, or 0.1%. The Nasdaq (COMP) added 23 points, or 0.8%.
There had been worries ahead of the weekend that a victory by austerity opponents would lead to a Greek debt default and a potential breaking up of the eurozone.
At the same time, investors think the Fed might announce another round of bond buying or plans to continue its so-called Operation Twist at the close of its two-day meeting Wednesday. And that could prop up stocks in the short term.
"The environment is paralyzing decision making," said Boockvar. "Every day there's some policy or political event that investors are waiting on to decide whether to take risk up or down."
The dollar was little changed against the euro, and higher versus the British pound and Japanese yen.
Oil for July delivery fell 76 cents to $83.27 a barrel.
Gold futures for August delivery fell $1.10 to $1,627.00 an ounce.
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