Dow Soars After FBI Clears Clinton

Brendan McDermid, Reuters
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Wall Street surged on the eve of the U.S. presidential election, with Democratic nominee Hillary Clinton’s prospects brightening after the FBI said it would not press criminal charges against her over the use of a private email server.

U.S. stocks on Monday racked up their biggest one-day percentage gain since March 1, while a volatility measure recorded its biggest drop since late June.

The iShares MSCI Mexico ETF (EWW.P), known of late as the “Trump ETF,” soared 5.12 percent and notched its best day in more than five years. The exchange-traded fund is viewed as a barometer for expectations that Republican Donald Trump could win the election since his policies are considered negative for Mexico.

The FBI said on Sunday it stood by its July finding that Clinton was not guilty of criminal wrongdoing, after announcing on Oct. 28 it was reviewing additional emails relating to her use of a private server while secretary of state.

While polls last week showed Trump had been closing the gap, at least five major polls on Monday showed Clinton still had the lead in the race for the White House.

read more at reuters.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!

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