NEW YORK - Stocks are ending mixed ahead of a flurry of earnings and economic reports that could determine whether the bets investors made in the past month on a stabilizing economy will pay off.

Trading volume was light, which can skew the market's moves.

Bank stocks have rallied ahead of quarterly reports this week and following a rally on better-than-expect numbers last week from Wells Fargo Industrial stocks were mixed after Boeing and Chevron said the weak economy was hurting results.

The Dow is down 26 points, or 0.3 percent, at 8,057. The blue chips had been down nearly 120 at the lows of the day.

The Standard & Poor's 500 index is up 2, or 0.2 percent, at 859. The Nasdaq composite index is up 0.77, or 0.1 percent, at 1,653.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

NEW YORK (AP) - Stocks erased early losses to trade mixed Monday as traders awaited a flurry of earnings reports and data that could provide insight into which way the economy is heading.

Major stock indicators pulled well off their lows and eked out gains in afternoon trading. Trading volume was light, which can skew the market's moves. The Dow Jones industrial average edged up 14 points after being down nearly 120 earlier.

The fluctuations after a long holiday weekend were orderly and suggested that traders were reluctant to give up on a five-week rally. The earnings reports and economic figures due this week could re-ignite buying if they beat Wall Street's modest expectations.

"If you get a couple earnings reports that are better than the worst that people expected then that might help," said Denis Amato, chief investment officer at Ancora Advisors.

Bank stocks rallied ahead of their quarterly reports this week. Industrial stocks were mixed after Boeing Co. and Chevron Corp. said the weak economy was hurting their results.

The market was unsettled Monday by a New York Times report saying the Treasury has directed General Motors Corp. to lay the groundwork for a potential bankruptcy filing by June 1. GM might be forced to file if it cannot complete a plan to exchange debt for equity, according to the report.

In the final half-hour of trading, the Dow rose 14.02 or 0.2 percent to 8,097.40.

Broader stock indicators advanced. The Standard & Poor's 500 index rose 3.99, or 0.5 percent, to 860.55, and the Nasdaq composite index rose 2.77, or 0.2 percent, to 1,655.31.

Boeing fell 5 percent as analysts cut their ratings and estimates for the airline manufacturer after it said it would reduce production of some jetliners next year due.