It was a history-making rally for the Dow Jones Industrial Average, according to Dow Jones data. The Dow industrials rallied 2.1% to 18,259.60 on Monday, along with the S&P 500 index , the Nasdaq Composite Index , and the broader global market ahead of the U.S. presidential election. In particular, for the Dow it was the sharpest rally coming the day before a presidential election since 1932. At that point, the Dow soared 3.5% on Nov. 7 1932, before Franklin D. Roosevelt won the first of four presidential terms. The rally came after head of the Federal Bureau of Investigation, James Comey, announced Sunday that the FBI stands behind its prior decision not to recommend charges against Democratic presidential nominee Hillary Clinton, following newly found emails from her tenure as Secretary of State were reviewed. Stocks had been dealing with a nine-session decline amid uncertainty wrought by the Oct. 28 revelation that the bureau was looking at more emails, which raised fears that Republican candidate Donald Trump might win the election. A Trump victory is seen as fraught with uncertainty for stock-market investors.
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From:: Stock Market News