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S&P ends nearly flat, Nasdaq down 1 percent

NEW YORK (Reuters) - U.S. stocks were mixed on Monday as the tech sector dragged the Nasdaq to its biggest drop since July and kept the S&P 500 near the unchanged mark as investors cleared the decks for Alibaba's debut planned for later this week.

The Dow Jones industrial average <.DJI> rose 42.73 points, or 0.25 percent, to 17,030.24, the S&P 500 <.SPX> lost 1.5 points, or 0.08 percent, to 1,984.04 and the Nasdaq Composite <.IXIC> dropped 48.70 points, or 1.07 percent, to 4,518.90.

(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)

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