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U.S. stock futures tiptoed higher on Monday morning, shaking off losses seen on European and Asian exchanges following Friday's news the Federal Bureau of Investigation had renewed its probe into U.S. presidential candidate Hillary Clinton's emails.

S&P 500 futures were up 0.11% on Monday, Dow Jones Industrial Average futures rose 0.04%, and Nasdaq futures added 0.27%. U.S. stocks had reacted negatively to the development as news broke late Friday afternoon.

FBI Director James Comey said Friday that a separate investigation had brought up new information in the closed Clinton probe, though did not know whether the new information was material. The FBI had recommended no charges against Clinton in July. 

Consumer spending remained a bright spot for the U.S. economy in September. Spending rose 0.5%, while personal income climbed 0.3%. Analysts expected personal income to rise at a slightly stronger pace of 0.4%. The savings rate slipped to 5.7% from 5.8%. 

Crude oil prices fell on Monday morning as major oil producers failed to reach an agreement to freeze production. Producers outside of the Organization of Petroleum Exporting Countries, in particular, made no moves to join an OPEC deal to limit output. OPEC and non-OPEC members met in Vienna on Saturday and agreed to meet again in November. 

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West Texas Intermediate crude was down 0.9% to $48.27 a barrel on Monday morning. 

General Electric (GE) - Get General Electric Company (GE) Report moved 1.1% higher in premarket trading after reaching a deal to combine its oil and gas operations with Baker Hughes (BHI) . Baker Hughes shareholders will receive a special cash dividend worth $7.4 billion and own 37.5% of the new publicly-traded company. GE will own the remainder. The combination allows both companies to better weather a difficult commodities environment as oil prices remain at multi-year lows. Baker Hughes shares jumped 7.9%. 

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In other mergers news, Level 3 Communications (LVLT) gained 7.2% to $57.90 after it agreed to be acquired by CenturyLink (CTL) - Get CenturyLink, Inc. Report  in a deal valued at about $34 billion after including debt.

Team Health (TMH) jumped 15.5% on Monday after agreeing to be acquired by Blackstone (BX) - Get Blackstone Group Inc. Class A Report in a deal worth roughly $6.1 billion. Private-equity firm Blackstone offered $43.50 a share in cash for TeamHealth, a 33% premium on its closing price in early October before reports of a deal emerged. Activist investor and shareholder Jana Partners approved the deal. 

Southern Co.  (SO) - Get Southern Company Report  bested quarterly estimates in its third quarter. The electricity company earned $1.28 a share over its recent quarter, 11 cents higher than expected. Revenue rose 16% to $6.26 billion, besting forecasts by $280 million. 

Lumber Liquidators (LL) - Get Lumber Liquidators Holdings, Inc. Report  fell 1.2% after showing signs of recovery following last year's health and safety scandals. The flooring company reported a loss of 68 cents a share, much wider than an anticipated loss of 19 cents a share. However, revenue climbed more than 3%, while comparable-store sales rose 1%. Less promotional activity increased gross margins by 130 basis points to 31.4%.