Stocks were mixed Monday as market participants looked for direction after U.S. legislators managed to pass a short-term budget to prevent a government shutdown. The Dow Jones Industrial Average fell about 75 points, while the S&P 500 Index closed at a positive flatline and the tech-heavy Nasdaq Composite added nearly 0.7%.

Here's how the market settled on Monday:

S&P 500 Index (SPY  ): +0.01% or +0.34 points to 4,288.39

Dow Jones Industrial Average (DIA  ): -0.22% or -74.15 points to 33,433.35

Nasdaq Composite Index (QQQ  ): +0.67% or +88.45 points to 13,307.77

Making headlines, the U.S. Senate passes a continuing resolution before a midnight deadline Saturday, which was quickly signed into law by President Joe Biden -- preventing a shutdown. The law supplies enough cash to keep the government operable through mid-November, allowing legislators more time to finalize longer-term funding.

"This is good news for the American people. But I want to be clear: we should never have been in this position in the first place," Biden said in a statement. "Just a few months ago, Speaker McCarthy and I reached a budget agreement to avoid precisely this type of manufactured crisis.For weeks, extreme House Republicans tried to walk away from that deal by demanding drastic cuts that would have been devastating for millions of Americans."

Wall Street is coming off of a losing month, with September marking the worst monthly performance for both the S&P 500 and Nasdaq Composite so far this year. Moreover, all three market benchmarks closed out the third-quarter in the red as uncertainties including inflation, the Federal Reserve's hawkish monetary policy, and the potential federal shutdown impacted investor sentiment.

Elsewhere on Monday, Tesla (TSLA  ) announced disappointing third-quarter delivery and production figures, delivering 435,059 vehicles and producing 430,488. "A sequential decline in volumes was caused by planned downtimes for factory upgrades, as discussed on the most recent earnings call," the company said in a statement. "Our 2023 volume target of around 1.8 million vehicles remains unchanged."

Bank of America analyst Jessica Reif Ehrlich said Warner Bros. Discovery (WBD  ) is expected to see little long-term damage following a resolution with Hollywood writers and continued talks with striking actors. The firm currently rates WBD with a Buy rating and a $21 price target.

"While the strikes provided a near term benefit to FCF, we are encouraged the industry can return to work, especially for WBD which is among the largest content creators in the industry. For WBD, we expect the company to maintain their recently revised guidance, as it may take several weeks/months to fully ramp content production," Ehrlich wrote in a note Monday. "However, we are hopeful the few months leading up to year end will enable the company to enter CY24 at more normalized levels of output and insulate the financial impact to CY23 results."

Birkenstock announced Monday it is targeting a valuation of as much as $9.2 billion as it prepares for its public debut on the New York Stock Exchange. The German shoemaker said it is offering 32.26 million shares priced between $44 and $49 per share, according to a filing with the U.S. Securities and Exchange Commission (SEC). Birkenstock intends to trade under the symbol "BIRK."

For Tuesday, market participants will turn their attention towards new job openings figures for August as Wall Street gears up for September's jobs report later in the week.