US stocks surge after FBI clears Clinton

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NEW YORK (AP) — The latest on developments in U.S. financial markets (All times local):

11:45 a.m.

Stocks are surging on Wall Street, breaking a nine-day losing streak, after the FBI said newly discovered emails didn’t warrant any action against presidential candidate Hillary Clinton.

The Dow Jones industrial average jumped 328 points, or 1.8 percent, to 18,216 Monday.

Investors have been anxious in recent weeks over signs that the U.S. presidential race was tightening. The Standard & Poor’s 500 index is coming off its longest losing streak since 1980. Monday’s surge erased more than half of those losses.

The S&P 500 index gained 41 points, or 2 percent, to 2,127 in midday trading. The Nasdaq composite jumped 115 points, or 2 percent, to 5,162.

Banks and health care companies rose more than the rest of the market. UnitedHealth and JPMorgan Chase led the Dow higher.

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9:35 a.m.

Stocks are opening sharply higher on Wall Street after the F.B.I. said newly discovered emails didn’t warrant any action against presidential candidate Hillary Clinton.

The Dow Jones industrial average jumped 242 points, or 1.4 percent, to 18,128 shortly after the opening bell Monday.

Investors have been anxious in recent weeks over signs that the U.S. presidential race was tightening.

A key market benchmark, the Standard & Poor’s 500 index, is coming off its longest losing streak since 1980, nine days of losses in a row.

Early Monday the S&P 500 index was up 30 points, or 1.5 percent, to 2,115. The Nasdaq composite climbed 80 points, or 1.6 percent, to 5,126.

Goldman Sachs and Microsoft had the biggest gains in the Dow.

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