Stocks cut gains in final hour of volatile session, Dow is flat; European markets close higher as investors digest data, central bank moves 
Stocks bounced between gains and losses on Monday to start the week, as traders weighed the latest quarterly earnings reports and awaited key U.S. inflation data. 
The Dow Jones Industrial Average added 46 points, or about 0.1%. The S&P 500 was down 0.2% and Nasdaq Composite dipped 0.4%. The major averages alternated between gains and losses for most of the session before turning higher in the final hour of trading. 
Shares of Amazon rose more than 1%, building on Friday’s post-earnings pop, while shares of Facebook-parent Meta fell more than 4%, continuing a post-earnings slide. 
Shares of Netflix, still struggling after the company issued weak guidance in January, fell another 0.8% on Monday after investment firm Needham said the company’s current strategy could not win the streaming wars. 
Some of the most beaten down areas of the market were bouncing back on Monday. Peloton shares surged 23% on reports that Amazon and Nike are lining up as possible suitors for the interactive fitness equipment maker. Shares of Snowflake jumped more than 7% after an upgrade from Morgan Stanley. 

The pan-European Stoxx 600 closed up by 0.7%, with most sectors and major bourses in positive territory. Travel and leisure stocks climbed 3.1% to lead the gains. 
In terms of individual share price action, Swedish health care company AddLife climbed more than 7% to lead the Stoxx 600 after repurchasing 181,000 of its own shares. 
Source: CNBC, Investing.com