Newspaper article St Louis Post-Dispatch (MO)

Wall Street Soars as Investors See Higher Chance of Clinton Win (Print Version)

Newspaper article St Louis Post-Dispatch (MO)

Wall Street Soars as Investors See Higher Chance of Clinton Win (Print Version)

Article excerpt

NEW YORK * The U.S. stock market rebounded from a nine-day losing streak Monday, posting its biggest gain in eight months and driving the Dow Jones industrial average up more than 370 points.

Financial stocks led the broad market rally, which erased more than half of the losses racked up by the Standard & Poor's 500 index since Oct. 25.

The gains came as investors mostly focused on the latest developments in the U.S. presidential race a day before the general election. The FBI announced late Sunday that its review of newly discovered Hillary Clinton emails found no evidence warranting charges. That appeared to ease the market's anxiety, which ratcheted up in recent weeks over signs that the presidential race was tightening, triggering the longest losing streak for the S&P 500 since 1980.

"Clearly, the market is more comfortable with a Clinton win, only because they feel like they know her policies a little bit better," said JJ Kinahan, chief strategist at TD Ameritrade. …

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