Stocks finished mixed Monday after wavering in a tight range for most of the session as ongoing worries over Spain overshadowed results of the weekend's Greek elections and as investors hesitated to jump in ahead of the FOMC meeting.

The Dow Jones Industrial Average slipped 25.35 points, or 0.20 percent, to finish at 12,741.82, led by H-P . Home Depot gained.

The S&P 500 eked out a gain of 1.94 points, or 0.14 percent, to end at 1,344.78. The Nasdaq gained 22.53 points, or 0.78 percent, to close at 2,895.33.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 19, hitting its lowest level in almost five weeks.

Among the key S&P sectors, energy led the laggards, while techs and consumer discretionary ended higher.

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