The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Monday, November 7, 2016

No doubt at all how the lemmings feel about it

Market surges on election news

Financial companies led a broad rally in U.S. stocks in early trading Monday as investors reacted to news that the FBI's review of newly discovered Hillary Clinton emails found no evidence warranting criminal charges against the presidential candidate. 

Traders have been anxious in recent weeks over signs that the presidential race was tightening.

The Dow gained more than 350 points, or nearly 2 percent. 

The Standard & Poor's 500 rose more than 2 percent after falling for nine straight days, its longest losing streak since 1980. 

The Nasdaq also added more than 2 percent.

FBI Director James Comey announced late Sunday that a review of new Clinton emails did not change the bureau's recommendation that she should not face charges. 

The market had wilted on Oct. 28 after the FBI notified Congress that it was reviewing newly discovered emails linked to Clinton.

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