Slight Gains

Indices closed in the green zone on Monday. Caterpillar, Hewlett-Packard, and Walt Disney stood out among advancers on the Dow. Stocks moved up ahead of Election Day. In economic news, services industry growth slipped in October. The Institute for Supply Management’s services index fell to 54.2 last month from 55.1 in September. The decline was larger than expected. In earnings reports, net income for IntercontinentalExchange dipped to $131.1 million, or $1.79 per share, compared to $132.6 million, or $1.80, a year earlier. Meanwhile, Southern Company said net income climbed to $993 million, or $1.11 per share, up from $933 million, or $1.06, in the same period, a year ago. On another note, Sysco Corporation said its net income fell to $286.6 million, or 49 cents per share, versus income of $302.7 million, or 51 cents, a year earlier. Looking ahead, the University of Michigan will release monthly consumer-sentiment data on Friday.

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