Stocks Surge 371 After FBI Clears Clinton

Markets nervous as presidential election heads to its finish
By Newser Editors and Wire Services
Posted Nov 7, 2016 3:16 PM CST

(Newser) – Stocks surged on Wall Street, breaking a nine-day losing streak, after the FBI said newly discovered emails didn't warrant any action against presidential candidate Hillary Clinton. The Dow Jones industrial average jumped 371 points, or 2.1%, to 18,260 Monday. Investors have been anxious over signs that the US presidential race was tightening, reports the AP. The Standard & Poor's 500 index is coming off its longest losing streak since 1980. Monday's surge erased more than half of those losses. The S&P 500 index gained 46 points, or 2.2%, to 2,131. The Nasdaq composite jumped 119 points, or 2.4%, to 5,166. Banks and health care companies rose more than the rest of the market. JPMorgan Chase and UnitedHealth had some of the biggest gains in the Dow. (Read more stock market stories.)

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