### Market Dips as Investors Brace for Election and Fed Decision

Stocks took a downturn on Monday as investors anticipated the U.S. presidential election on Tuesday and awaited decisions from the Federal Reserve on interest rates later this week. The Dow Jones Industrial Average fell by 0.6%, while the S&P 500 and Nasdaq Composite both slipped by 0.3%. This comes after a positive Friday influenced by technology stock gains from earnings news and an encouraging October jobs report.

The Nasdaq snapped a seven-week win streak, and both the S&P 500 and Dow recorded their second week of consecutive losses. Large-cap technology stocks mostly experienced declines; Nvidia was a notable exception, gaining 0.5% following the announcement that it would replace Intel in the Dow later in the week. Intel shares subsequently dropped by 2.9%.

In a significant development, Nvidia temporarily surpassed Apple in market capitalization. However, by the session's end, Apple regained its position as the most valuable company. Apple shares dropped 0.4% following reports that Warren Buffett’s Berkshire Hathaway continued to sell off its stake in the tech giant during the third quarter.

Other notable stock movements include Sherwin-Williams, which saw a 4.6% increase upon news of its inclusion in the Dow index, replacing Dow Inc. Boeing also rose slightly after a previous surge of over 3%, ahead of a significant union vote related to machinists' strikes. Meanwhile, Constellation Energy plummeted 12.5% as regulatory decisions raised concerns about the nuclear power industry.

Investors remain keenly focused on Tuesday’s election and the Fed’s anticipated rate cut of a quarter percentage point on Thursday. The yield on 10-year Treasurys fell to 4.29%, reflecting market recalibrations around the Fed’s rate-cutting strategies. Gold futures remained steady around $2,745 an ounce, and Bitcoin was down to around $67,800.

In other industries, shares of Mosaic surged 5.4%, buoyed by reports that Belarus may cut potash production to boost prices. However, utility company Public Service Enterprise Group saw shares fall 6.2% due to mixed third-quarter results.

Meanwhile, Trump Media & Technology Group experienced significant volatility ahead of Election Day. The stock, ending the day up 12% to over $34, fluctuated sharply during trading, reflecting investors' mixed sentiments ahead of the vote.