(REUTERS) - Stocks cut gains with all three major indexes turning negative on Monday after an initial bounce was eroded by weakness in financial stocks.

The Dow Jones industrial average .DJI rose 1.85 points, or 0.02 percent, to 11,868.24. The Standard & Poor's 500 Index .SPX dropped 2.16 points, or 0.18 percent, to 1,217.50. The Nasdaq Composite Index .IXIC dropped 0.85 points, or 0.03 percent, to 2,554.48.

(Reporting by Edward Krudy; editing by Jeffrey Benkoe)

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