U.S. stocks opened higher after the Federal Bureau of Investigation (FBI) said its fresh review of Hillary Clinton’s emails won’t lead to charges.
According to the FBI Director James Comey, the bureau had "not changed its conclusions," reached in July, on Clinton's private email server. The news triggered a relief rally globally, with Asian and European indexes gaining, the dollar strengthening and gold selling off.
The Dow Jones Industrial Average quickly rose more than 250 points at the open, with Goldman Sachs contributing the most gains to the tune of 25 points. The S&P 500 advanced more than 1 percent. The Nasdaq composite outperformed, rising 1.5 percent.
According to the most market analysts if Hillary wins, this is good for stocks, if Trump wins, this is bad for stocks. "But, anyone who thinks deeper than this knows that the response is going to be much more nuanced. Ask any owner of a healthcare, financial or defense stock," said Peter Boockvar, chief market analyst at The Lindsey Group in a note.