U.S. stocks finished little changed on Monday, with the S&P 500 on track for its largest yearly increase in 16 years, after a report on pending home sales came in below expectations.
"It's a very quiet day. The volume is extremely light, as you would expect, but it looks like the S&P is going to hang onto its 29 percent, year to date," said Darrell Cronk, regional chief investment officer for Wells Fargo Private Bank.
Wall Street took in stride a report that found contracts to buy previously owned homes rose less than projected in November.
The housing data was "just a little bit soft, but traders and investors are looking more at the entire year, and housing prices are up 13.5 percent for 2013, which would be the best year for housing prices in six years," said Cronk.
Crocs rallied after the maker of plastic clogs said its chief executive officer would retire at the end of April and that Blackstone Group was investing $200 million in the company to garner a 13 percent stake. Twitter declined, continuing the prior week's drop. Cooper Tire & Rubber slid after the company said it would not go through with a $2.5 billion mergerwith India's Apollo Tyres.