US stock futures jumped after the FBI reaffirmed Sunday its decision
to not prosecute Democratic presidential nominee Hillary Clinton over
her use of private email while secretary of state.
The Federal
Bureau of Investigation announced a review of newly discovered emails
had provided no reason to alter its July decision that Clinton and her
aides’ use of the private server for official documents, while
“reckless,” did not warrant criminal charges.
The lifting of an
FBI threat that Clinton might face charges — less than two days before
her face-off with Republican Donald Trump — raised investor sentiment on
Wall Street.
Ahead of Monday’s market opening, futures on the
broad-market S&P 500 index leaped 1.4 percent to 2,108.25. Futures
based on the 30-stock Dow Jones Industrial Average were up 1.1 percent
at 17,999.
The turnaround on Wall Street came just after FBI Director James
Comey announced, in a letter to Congress, that no criminal charges were
warranted against Clinton.
Late last month, Comey sent shockwaves
through both campaigns by announcing a renewed FBI investigation into
Clinton’s email use.
That revelation was criticized by Democrats,
applauded by Republicans and eroded Clinton’s lead in public opinion
polls against Trump.
US stocks have taken a beating as the
November 8 election race tightened, amid concerns a Trump victory could
bring sharp shifts in US economic policy.
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