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New York - US stocks closed mixed on Monday, showing little impact from the weekend votes in France and Greece which cast doubt on the path of financial reform across the troubled eurozone.
The Dow Jones Industrial Average closed down 29.74 points to 13,008.68, pulled lower by mild falls from Caterpillar and Hewlett-Packard.
The S&P 500-stock index added 0.48 to 1,369.58, while the tech-heavy Nasdaq gained 1.42 at 2,957.76.
Earlier all three indices had followed their European counterparts higher, trading more off positive German economic data than the prospects of more turmoil following the elections Sunday.
In both France and Greece voters on Sunday turned out the existing leadership and strongly backed parties opposed to austerity programmes aimed at fixing their budget problems.
But the US markets fell back in the last hour of trade, after fresh data showed an unexpectedly strong rise in consumer borrowing in March, even as incomes have remained flat.
"Consumer credit totaled $21.4bn in March - that is almost double the $11.0bn that had been broadly expected among economists," said Briefing.com.
Bank of America led the gainers on the blue-chip Dow, adding 2.8%. Insurer AIG dropped 3.0% to $31.84 after majority owner the US Treasury said it had sold off 164 million of its shares at $30.50.
Drugs giant Abbot Laboratories gained 0.2% despite being hit with $1.6 billion in fines to end a four-year probe into its having marketed anti-seizure medication Depakote for other unauthorized uses.
Vertex Pharmaceuticals shares soared 55.4% after announcing some success in tests on a drug, Kalydeco, aimed at treating cystic fibrosis.
Google shares rose 1.8% after a California jury ruled it guilty in a software copyright lawsuit by Oracle; the good news was that the jury was unable to agree on whether damages should be awarded to Oracle.
Bond prices were flat: the 10-year Treasury held at late Friday's yield of 1.88%, while the 30-year stayed at 3.07%. Bond prices and yields move in opposite directions.
