(CNBC) — U.S. stocks mostly declined on Monday, with Chevron and Exxon Mobil among the blue chips hit as the price of crude fell to a more than two-year low.
"We're still reconciling with the performance of October," said Jim Dunigan managing executive, investments at PNC Wealth Management, who attributed positive earnings as helping pull the market out of its funk in the middle of the month. "At least for today, the market is going to wait and see what Americans do at the polls," Dunigan added of Tuesday's midterm elections.
Of the 366 companies in the S&P 500 that have reported earnings for the third quarter, just over 75 percent have beaten expectations, while 58 percent have posted revenue that topped estimates, according to data compiled by Thomson Reuters.
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