After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

by Ben Reilly Mon Nov 07, 2016 4:54 pm

US stocks are spiking on Monday, the day before the US presidential election.

After declining for nine days in a row, the S&P 500 is trading higher by more than 1.5%, at 2,117, as of 9:50 a.m. ET. Both the Dow Jones Industrial Average and the Nasdaq were up by around 1.5%, as well.

The move comes the day after the FBI announced it had concluded its probe into new emails found as part of its investigation of Democratic presidential candidate Hillary Clinton's use of a private email server while she was secretary of state.

"Based on our review, we have not changed our conclusions that we expressed in July with respect to Secretary Clinton," FBI Director James Comey wrote in a letter to Congress on Sunday.

Many analysts cited the heightened uncertainty following the announcement that the investigation was being reopened as the cause of the multiday decline in stocks.

http://www.businessinsider.com/us-stock-market-update-november-7-2016-fbi-clinton-election-2016-11

by eddie Mon Nov 07, 2016 5:05 pm

I don't think I've ever been in this section of the forum before... Shocked

Perhaps this is a stupid question, (and why I've never been here before) but what has all this hullabaloo (great word huh?) about the emails got to do with how well stocks go up and down?

by Ben Reilly Mon Nov 07, 2016 5:08 pm

eddie wrote:I don't think I've ever been in this section of the forum before...

Perhaps this is a stupid question, (and why I've never been here before) but what has all this hullabaloo (great word huh?) about the emails got to do with how well stocks go up and down?

The possibility that Trump would win because of the e-mail nontroversy (another great word) sent the markets into a tizzy (yet another). Basically investors see Trump as a bull in a china cabinet and prefer stable, responsible leadership.

by eddie Mon Nov 07, 2016 5:17 pm

Ah I see. That makes sense. So if Trump wins, people will feel unstable enough to pull their money out of shares and stuff, but now it's seemingly Clinton's for the taking, people are feeling more encouraged about the economy, yes?

Bullderdash!
No relevance, just another word we ought to use more often.

by Victorismyhero Mon Nov 07, 2016 8:38 pm

bullderdash???...is that like pebble dash but moos????

by Andy Mon Nov 07, 2016 8:39 pm

Or put into words that even the dullest of those that post here can understand,

It's all bollocks.

by Raggamuffin Mon Nov 07, 2016 9:02 pm

Don't you just love the stock market? Laughing

I keep an eye on it myself as I have shares. It amazes me that people are so easily influenced and so quickly.

by 'Wolfie Mon Nov 07, 2016 9:26 pm

After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton 2187004795

DAY TRADING, largely influenced by rumours and emotions, ahead of due dilligence and clear thinking, can have significant effects on the appearance of the markets...

Exacerbated by TV newsreaders without a clue, amd assorted gossip columnists screeching about (non-existent) "crashes, dives, tumbled.." whenever there's a small correction in the market indexes..

People who treat shares as a "gamble" would be better off backing the horses; while those who talk about "investing" in horse, dog or sports gambling should stay clear of the stockmarkets.

As should those who are too "scared" of shares. They would be better served investing in residential real estate -- with healthy gearing/leverage ratios.

As long as the value of my share portfolio stays ahead of the All Ordinaries, I will be happy with my own more-conservative long-term accumulative strategies; staying well away from the 'day traders'. After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton 1399249160

After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton 1399249160

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After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

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Re: After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

Re: After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

Re: After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

Re: After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

Re: After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

Re: After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton

Re: After 9 days of declines, U.S. stocks skyrocket in wake of FBI's clearing of Clinton