iStock/Thinkstock(NEW YORK) — Wall Street saw triple-digit gains on the eve of the U.S. presidential election after the FBI said it had not changed its conclusion of Hillary Clinton’s email investigation.
The Dow soared 371.32 (+2.08 percent) to finish at 18,259.60, its best day in eight months.
The Nasdaq climbed 119.80 (+2.37 percent) to close at 5,166.17, while the S&P 500 finished at 2,131.52, up 46.34 (+2.22 percent) from its open.
Crude oil soared 2 percent with prices hitting $45 a barrel.
U.S. Election: Many investors relaxed as they believed a level of uncertainty around the U.S. presidential election was removed when the FBI revealed there was no new evidence from a new batch of emails connected to the Hillary Clinton campaign to charge the Democratic presidential nominee. Wall Street sees Clinton as the “status quo” candidate, while Trump is considered a wildcard. Gold, a safe haven for investors in a market of uncertainty, fell 1.9 percent.
The Mexican Peso rallied 2.1 percent as Trump’s policies are considered negative for Mexico’s economy.
Winners and Losers: Despite reported losses in the third-quarter, Sotheby’s stock surged 11 percent Monday as the auction house exceeded expectations in revenue at $91.5 million.
HSN Inc. tumbled 13 percent after quarter three results fell short of investors’ expectations.
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