By Kristina Peterson U.S. blue-chip stocks squeaked out a slim gain Monday amid jitters ahead of U.S. midterm elections and expected moves from the Federal Reserve. The Dow Jones Industrial Average (DJI) rose 6.13 points, or 0.1%, to end at 11,124.62, after reversing an earlier triple-digit climb. Limiting the measure's losses, technology stocks rose after the Semiconductor Industry Association said global chip sales rose 2.9% in September from a month earlier. Intel Corp. (INTC) gained 2.6%, while Hewlett-Packard Co. (HPQ) rose 1.1%. Traders' focus was locked on events later this week, including Tuesday's midterm elections and Wednesday's conclusion of a meeting of the Federal Reserve's policy-making committee. The stock market has rallied since early September on expectations that the Fed will resume purchasing bonds in order to stimulate the economy. Investors said they wouldn't be surprised to see a selloff after the election and Fed meeting given the market's steady climb since September amid a surge of market optimism. "The market's been rallying almost straight up for a long, long time," said Hank Camp, founder of HL Camp & Co, who predicted the market would take a turn down next week. "It's way overdone." The market climbed earlier Monday, fueled by encouraging manufacturing reports from the U.S. and China, as well as an unexpected rise in U.S. construction spending. The Nasdaq Composite (RIXF) closed down 2.57 points, or 0.10% to 2,504.84. The Standard & Poor's 500-share index (SPX) edged up 1.12 points, or 0.09% to 1,184.38. The market's climb cooled when financial stocks slid into the red after a ProPublica report said the U.S. Securities and Exchange Commission is investigating whether J.P. Morgan Chase (JPM)allowed Magnetar Capital, a hedge fund, to improperly select assets for a $1.1 billion deal backed by subprime mortgages. J.P. Morgan shed 0.6%, while other financials tumbled. Utilities also lagged. NextEra Energy (NEE) fell 2% after the company said it expects the year's profit will come in "the lower half" of its prior forecast. Baker Hughes (BHI) climbed 4.2%. Ambac Financial Group (ABK) tumbled 50% to 41 cents, after the bond insurer warned that its board declined to make an interest payment and said it is negotiating plans for a prepackaged bankruptcy proceeding with senior debtholders. If it can't reach an agreement for such a plan, it plans to file for Chapter 11 bankruptcy protection by the end of the year. EXCO Resources (XCO) jumped 30% after Chairman and Chief Executive Douglas Miller offered to buy the company, valuing it at about $4.4 billion. The company's board said it intends to establish a special committee of independent directors to consider the proposal. The company's board said it intends to establish a special committee of independent directors to consider the proposal. Wilmington Trust (WL) sank 41% to $4.21 after the bank announced a merger with M&T Bank (MTB) for a stock deal valued at about $351 million. The Delaware banker also reported its third-quarter loss widened sharply as its loan-loss provisions soared and as its mounting losses required it to establish a "significant" tax-valuation allowance. Shares of M&T Bank gained 3.6%. Fortinet (FTNT) shares rose 6.3% after the company disputed a Bloomberg News report from late Friday that International Business Machines (IBM) has approached the network-security systems maker about a possible takeover. The company said on Monday it isn't in acquisition talks with IBM. Trucking company YRC Worldwide (YRCW) rose 6.1% after members of the Teamsters union voted in favor of ratifying the continuation of concessions wage and pension reductions, along with new work rules that J.P. Morgan Chase says gives YRC additional flexibility. The U.S. dollar (DXY) strengthened against both the euro and the yen. The euro fell to $1.3892, down from $1.3947 late Friday in New York. and Demand for Treasurys slipped, pushing the 10-year note's yield (UST10Y) up to 2.62%. Crude-oil prices slipped below $83 a barrel, while gold futures also declined.