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Wall Street soars on election eve as FBI clears Clinton in email probe
BY YASHASWINI SWAMYNATHAN, REUTERS - 28 MINUTES AGO
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(Reuters) - Wall Street rallied on Monday, the eve of the U.S. presidential
election, as Democrat nominee Hillary Clinton's prospects brightened after
the FBI said it would not press criminal charges related to her use of a
private email server.
The gains were broad based, with all 30 Dow components and all 11 major S&P
500 sectors rising. U.S. stocks were set for their biggest one-day
percentage gain since March 1, while a volatility measure was set for its
biggest drop since late June.
IShares MSCI Mexico ETF , known of late as the "Trump ETF", soared 5.6
percent and was on track for its best day in more than five years. The ETF
is viewed as a barometer for Republican Donald Trump's chances of winning
the election since his policies are considered negative for Mexico.
Wall Street closed lower for nine days in a row through Friday, their
longest losing streak in more than 35 years and one that gained momentum
after the FBI said on Oct. 28 that it was reviewing some newly found Clinton
emails.
The FBI said on Sunday that it stood by its July finding that Clinton was
not guilty of criminal wrongdoing.
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.
"Clinton is a known quantity and investors hate uncertainty and they are
very happy even if taxes were to go up ... In the case of Trump, it is
uncertain as to what he stands for," said Komal Sri-Kumar, president of Sri-
Kumar Global Strategies.
Investors have tended to see Clinton as a more status quo candidate. On the
other hand, Trump's stance on foreign policy, trade and immigration has
unnerved the market.
"The markets have been comforted as it appears that either a Trump victory
or a Democratic landslide are not coming to pass," said Eric Wiegand, senior
portfolio manager at the Private Client Reserve at U.S. Bank.
At 13:24 a.m. ET (1724 GMT), the Dow Jones Industrial Average was up 342.08
points, or 1.91 percent, at 18,230.36.
The S&P 500 was up 41.99 points, or 2.01 percent, at 2,127.17 and the Nasdaq
Composite was up 114.33 points, or 2.27 percent, at 5,160.70.
The CBOE Volatility index , dubbed Wall Street's "fear gauge", was down 16.5
percent, on pace for its biggest one-day fall since June 28, a few days
after Britain voted to leave the European Union.
The financials' 2.4 percent rise led the gainers among the 11 S&P sectors.
Investors expect a Clinton victory to not hinder a potential U.S. interest
rate hike next month.
The defensive telecom services and utilities were the only sectors notching
gains below 1 percent.
Risk assets were back in favor. Brent crude futures rose for the first time
in seven days. Even the dollar's first rise in five days did little to
hamper the gain .
Safe-haven gold was set for its worst day in more than one month. Gold miner
Newmont's 4.4 percent-drop was the biggest on the S&P.
Biogen rose 6.7 percent to $295.65 after the drugmaker and Ionis announced
positive interim trial data. Ionis shares soared 18.54 percent to $32.16.
Advancing issues outnumbered decliners on the NYSE by 2,539 to 393. On the
Nasdaq, 2,302 issues rose and 475 fell.
The S&P 500 index showed 12 new 52-week highs and no new lows, while the
Nasdaq recorded 59 new highs and 55 new lows.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza) | s***d 发帖数: 15421 | | l*******g 发帖数: 27064 | | h*******n 发帖数: 8906 | | g***y 发帖数: 1025 | | c***x 发帖数: 284 | 6 川粉智商不够,你要他们解释股市,这不是故意为难人家嘛。 | g****n 发帖数: 7494 | 7 那你这个sb赶紧去接盘啊
明天trump如果输了,股市飙升,你就连吃屎都赶不上热的了
【在 c***x 的大作中提到】 : 川粉智商不够,你要他们解释股市,这不是故意为难人家嘛。
| D**X 发帖数: 228 | |
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