US STOCKS-Wall St flat as investors take stock after rally
* Virgin America surges on buyout deal with Alaska Air
* Edwards Lifesciences up on heart-valve implant study
* Indexes down: Dow 0.06 pct, S&P 0.11 pct, Nasdaq 0.13 pct (Updates to early afternoon)
By Abhiram Nandakumar
April 4 (Reuters) - U.S. stocks were largely unchanged on Monday in muted trading as investors took a breather from a recent rally that helped indexes recover from a selloff at the start of the year.
Crude hovered near one-month lows as hopes that top oil producers would reach an agreement to help tackle a stubborn global glut faded.
Investors have been skittish following U.S. Federal Reserve Chair Janet Yellen's comments last week urging caution on raising rates, which were in contrast with remarks made by some policymakers supporting more aggressive stance on rates.
The Fed is likely to raise rates before current market expectation since overseas risks to the U.S. economy are fading, Boston Fed President Eric Rosengren said on Monday.
While the Fed's projections point to two rate hikes this year, traders expect only one, according to the CME Group's FedWatch program. Continuación...