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Markets Surge on Eve of Election

Dow up 300+, and S&P is out of its slump
By Newser Editors and Wire Services
Posted Nov 7, 2016 11:41 AM CST
Markets Surge on Eve of Election
Specialist Frank Masiello, left, works at his post on the floor of the New York Stock Exchange Monday.   (AP Photo/Richard Drew)

(Newser) – Stocks are surging on Wall Street, and MarketWatch and the AP are chalking it up to the FBI's announcement Sunday that newly discovered emails do not warrant any action against Hillary Clinton. The Dow Jones industrial average was up 338 points, or 1.9%, to 18,226 in midday trading Monday. The Standard & Poor's 500 index, meanwhile, is on track to end a nine-day losing streak, its longest slump since 1980. The index was up 42 points, or 2%, to 2,127 at midday. The Nasdaq composite was up 115 points, or 2%, to 5,162. (Read more Dow Jones stories.)

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