Posted on 11/07/2016 3:21:54 AM PST by expat_panama
S&P 500 futures jumped Sunday after FBI Director James Comey said in a letter to Congress that the agency continues to believe that Hillary Clinton should not be prosecuted for her handling of emails.
Futures for the S&P 500, Dow and Nasdaq 100 rose more than 1% Sunday evening. The S&P 500 has fallen for nine straight sessions, its longest losing streak since 1980s. The Nasdaq's nine-day decline is its longest since 1984.
On Oct. 28, the FBI's Comey said that he was investigating new emails related to Clinton's private email server while secretary of state. That news up-ended the presidential race. National and state polls have tightened, with the latest IBD/TIPP Presidential Election Tracking Poll showing Donald Trump leading Clinton by one point in a 4-way race. Clinton leads by 1.5 points in a 2-way race, down from 2.6 points a day earlier.
U.S. stocks fell, gold rallied, and the Mexican peso fell in the wake of that news.
Back in July, he said that he did not believe a prosecutor would pursue criminal charges. After the review, he hasn't changed his mind. See what stocks are at or near buy points with a 2-week free trial to Leaderboard!
"Based on our review, we have not changed our conclusions that we expressed in July with respect to Secretary Clinton."
That could help Clinton shore up support in the last two days of campaigning.
Stock futures' gain may reflect a preference on Wall Street for Clinton or simply less uncertainty...
(Excerpt) Read more at investors.com ...
“Like what?”
Makin’ stuff and buildin’ chit!
Roads, bridges, infrastructure, Interstate highways, new apartment buildings & homes, SENIOR housing is needed everywhere it seems, etc.
Be my guess. Trump loves to build stuff! ;)
Money is not going to be taken out of the market for that. No return on it.
Oh, that’s true.
Can I change my answer? More Trump Hotels, LOL!
Win or lose I think the Trump brand is going to take a hit from this. He's a controversial character, and businesses don't like controversy associated with them. As president there is also a limit as to how his company can market his name.
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