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Markets closed mostly up today:

▲ Dow: +0.02 percent

▲ Nasdaq: +0.38 percent

▲ S&P: +0.04 percent

Precious metals:

▲ Gold: +0.37 percent to $1,728.06 an ounce

▲ Silver: +0.95 percent to settle at $32.40

Commodities:

▼ Oil: -1.32 percent

Markets were mostly up because:

The stock market is waiting for the presidential election as much as anyone.

The U.S. stock market struggled for direction Monday. All three major indexes waffled between gains and losses before closing slightly higher. Investors were underwhelmed by earnings reports from toymaker Hasbro, clothing maker VF Corp., regional bank SunTrust and other companies.

The overhang of the presidential election in two weeks didn't help. Investors are wary of making big moves before they know who's going to be the next president.

The Dow Jones industrial average ended virtually flat. It inched up 2.38 points, or 0.02 percent, to close at 13,345.89. A late rise erased a 108-point deficit in the Dow.

The Standard & Poor's 500 index was also little changed, edging up 0.62 point to 1,433.81. The Nasdaq composite index rose 11.34 to 3,016.96.

Besides the election, an economic report due Friday also has the markets in a holding pattern. That's when the government is supposed to report how much the U.S. economy grew in the third quarter. But already, company reports are signaling that consumers, who drive the bulk of economic growth, are far from healed.

SunTrust Banks slipped. Its third-quarter earnings jumped, but that was largely because the bank sold shares it owned in Coca-Cola. The Atlanta-based bank wrestled with higher expenses as well as low interest rates, which can crimp the profit banks make from lending out money. The stock lost 96 cents to $27.67.

Shares rose for Caterpillar, the world's largest construction and mining equipment company, gained $1.22 to $85.08. But the company warned that it expects lower profit and revenue for the rest of the year.

Last week, Microsoft, General Electric and McDonald's also reported third-quarter results that disappointed the market.

To be fair, most companies are reporting better-than-expected profits. But investors want to know how companies are faring on revenue. Revenue can give a more accurate picture of how a company is performing, because profits can vary widely on items like accounting charges and cost-cutting.

Of the roughly 100 companies in the S&P 500 that had reported third-quarter results as of last week, 70 percent have beat analysts' estimates for profits, according to John Butters, senior earnings analyst at FactSet. But only 42 percent have beat estimates for revenue. That's the lowest since the first quarter of 2009, when the stock market hit its Great Recession lows.

Company profits so far this quarter are down 2.3 percent compared to a year ago. Revenue is down an average of 0.6 percent.

One stock that jumped was Ancestry.com, the genealogy website, which announced it will be bought by European private equity firms. The stock popped $2.26 to $31.44. The buyers had offered $32 per share.

Apple also jumped, rising $24.19 to $634.03. The company is expected to release a new, smaller iPad on Tuesday, to compete with Amazon.com Inc.'s Kindle Fire and Google Inc.'s Nexus 7.

In other trading, the yield on the 10-year Treasury note rose to 1.81 percent from 1.76 percent late Friday. The euro was worth $1.3045, up slightly from Friday. Energy prices fell. Crude oil lost $1.32 to $88.73 a barrel.

The Associated Press contributed to this report.

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