Stocks surged more than two percent after the FBI said it would not press charges against Democratic nominee Hillary Clinton, who is leading Donald Trump in at least five polls. Bobbi Rebell reports.
(REUTERS, NYSE) – An election eve rally on Wall Street. U.S. stocks on Monday posting their biggest one-day percentage gain since March 1st, with the Dow surging 371 points. The three major indexes all up more than two percent.
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.
But there will still be worries after the election no matter who wins, warns Greg Daco of Oxford Economics:
GREGORY DACO HEAD OF U.S. MACROECONOMICS OXFORD ECONOMICS,
“Part of the uncertainty will fade, but there will still remain a tremendous amount of uncertainty, not the least because we will have likely a split senate. So, no matter who wins the White House the senate is likely to remain quite split, and the senate and the house are quite important when it comes to policy making.”
Online jeweler Blue Nile stock shot up on news. It will be taken over by a private investor group.
Turning to Europe, shares got a pre-election bounce as well, with the major country indexes posting gains.