US stocks waver as traders use caution ahead of election

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Stocks were mostly unchanged on Monday&comma; despite some positive economic data and a raft of big new merger announcements over the weekend&period;<&sol;p>&NewLine;<p>Hesitant traders continue to watch the day-to-day developments of the US presidential election&comma; which is slightly more than a week away&period;<&sol;p>&NewLine;<p>The Dow Jones industrial average lost 18&period;77 points&comma; or 0&period;1&percnt;&comma; to 18&comma;142&period;42&period; The Standard &&num;038&semi; Poor&&num;8217&semi;s 500 index fell 0&period;26 points&comma; or less than 0&period;1&percnt;&comma; to 2&comma;126&period;15 and the Nasdaq composite fell 0&period;97 points&comma; or less than 0&period;1&percnt;&comma; to 5&comma;189&period;13&period;<&sol;p>&NewLine;<p>With Monday&&num;8217&semi;s close the major indexes ended the month of October broadly lower&period; The Dow fell 0&period;9&percnt;&comma; the S&&num;038&semi;P 500 fell 1&period;94&percnt; and the Nasdaq fell 2&period;3&percnt;&period; It was the third-straight month of declines&period;<&sol;p>&NewLine;<p>The news out late last week regarding newly found emails related to Hillary Clinton&&num;8217&semi;s email practices threw the election&&num;8217&semi;s results into more uncertainty&comma; which investors typically do not like&period; Over the weekend&comma; the FBI obtained a warrant to begin reviewing newly discovered emails that may be relevant to the Hillary Clinton email investigation&comma; a law enforcement official said&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;96892" aria-describedby&equals;"caption-attachment-96892" style&equals;"width&colon; 600px" class&equals;"wp-caption aligncenter"><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2016&sol;09&sol;image-7&period;jpeg"><img src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2016&sol;09&sol;image-7&period;jpeg" alt&equals;"&lpar;D&rpar; Hillary Clinton and &lpar;R&rpar; Donald Trump" width&equals;"600" height&equals;"325" class&equals;"size-full wp-image-96892" &sol;><&sol;a><figcaption id&equals;"caption-attachment-96892" class&equals;"wp-caption-text">&lpar;D&rpar; Hillary Clinton and &lpar;R&rpar; Donald Trump<&sol;figcaption><&sol;figure>&NewLine;<p>&&num;8220&semi;The reopening of the email investigation into Hillary Clinton certainly throws a wrench into the presidential election now just eight days away&comma;&&num;8221&semi; said John Briggs&comma; head of fixed income strategy for the Americas at RBS&comma; in a note to investors&period;<&sol;p>&NewLine;<p>Along with the election&comma; investors have two heavyweight events on the economic front this week&colon; a meeting of the Federal Reserve and the October jobs report&period;<&sol;p>&NewLine;<p>It is widely expected that the Fed&&num;8217&semi;s policymakers will not raise interest rates so close to the election and will wait until the December meeting to raise rates&period; However&comma; any economic observations from the bank will be important to investors&period; The jobs report will be the last major piece of economic data out before the November 8 election&period;<&sol;p>&NewLine;<p>It is also a busy week for corporate earnings&comma; with more than one-fifth of S&&num;038&semi;P 500 companies reporting their quarterly results&period;<&sol;p>&NewLine;<p>Wall Street got another wave of mega mergers over the weekend&period; General Electric announced it would merge its oil and gas division with Baker Hughes&comma; creating a new company with 32 billion dollars in annual revenue&period; GE rose fell 12 cents&comma; or 0&period;4&percnt;&comma; to 29&period;10 dollars while Baker Hughes fell 3&period;72 dollars&comma; or 6&period;3&percnt;&comma; to 55&period;40 dollars&period;<&sol;p>&NewLine;<p>Separately&comma; telecommunications company CenturyLink announced it was purchasing competitor Level 3 Communications for 24 billion dollars&period; CenturyLink fell 3&period;81 dollars&comma; or 12&period;5&percnt;&comma; to 26&period;58 dollars and Level 3 rose 2&period;10 dollars&comma; or 4&percnt;&comma; to 56&period;15 dollars&period; Earlier this month AT&&num;038&semi;T announced it would buy Time Warner for 80 billion dollars&period;<&sol;p>&NewLine;<p>The wave of mergers was not limited to the US&period; On Monday three of Japan&&num;8217&semi;s largest shipping companies announced they would merge their shipping container operations&period;<&sol;p>&NewLine;<p>US government bond prices rose slightly&period; The yield on 10-year Treasury note fell to 1&period;83&percnt; from 1&period;85&percnt; on Friday&period; The dollar rose against the euro&comma; pound and the Japanese yen&period;<&sol;p>&NewLine;<p>US benchmark oil futures extended their losses after falling last week to their lowest price this month&period; Crude fell 1&period;84 dollars to 46&period;86 dollars a barrel in New York&period; Brent crude&comma; the international standard&comma; fell 1&period;41 dollars to 48&period;30 dollars a barrel&period;<&sol;p>&NewLine;<p>In other energy commodities&comma; wholesale gasoline fell two cents to 1&period;45 dollars a gallon and heating oil fell five cents to 1&period;496 dollars a gallon&period; Natural gas fell eight cents to 3&period;026 dollars per thousand cubic feet&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed952ead35b">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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