You know it’s a wild election season when a mere letter from the FBI is enough to spark a global stock market rally.
The Dow soared more than 325 points on Monday — on track for the biggest rally in eight months — after FBI Director James Comey sent a letter to Congress on Sunday once again clearing Hillary Clinton in its email investigation.
The S&P 500 also jumped 2%, ending a nine-day streak of losses, the longest such slump since 1980.
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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