Markets Close Mostly Flat
Dow drops 19
By Newser Editors and Wire Services
Posted Oct 31, 2016 3:16 PM CDT
Trader Luke Scanlon, left, works on the floor of the New York Stock Exchange, Monday, Oct. 31, 2016.   (AP Photo/Richard Drew)

(Newser) – A strong signal on the economy and more corporate deals weren't enough to help stocks close higher on Wall Street Monday, the AP reports. Investors wrote off a report that Americans increased their spending in September at the fastest pace in three months. In deal news, General Electric announced it would merge its oil and gas division with Baker Hughes, creating a new company with $32 billion in revenue a year. The Dow Jones industrial average fell 19 points, or 0.1%, to 18,142. The Standard & Poor's 500 index was flat at 2,126. The Nasdaq composite was also nearly unchanged at 5,189.

 

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