Stock Market Surges After FBI Director Says Hillary Clinton Shouldn’t Be Charged

Dow Jones jumps 261 points, S&P rises 32

Last Updated: November 7, 2016 @ 7:41 AM

Great news everyone: the stock market isn’t down today!

At least, not yet — there’s still plenty of time. But there’s also reason for plenty of optimism, as the Dow Jones Industrial Average has jumped 261 points (1.46 percent) within the first 20 minutes of U.S. stock market trading. The S&P 500 is up 32 points (1.54 percent).

Much of this positivity is likely due to FBI director James Comey telling Congress yesterday that after a review of her latest round of leaked emails, Hillary Clinton should not be charged. Basically, that means she can go ahead and win the election for President of the United States of America tomorrow. Huzzah.

Here’s the Dow:

dow

And here’s the S&P:

sp

Up until 24 hours ago, the markets have been bracing for the possibility of a Donald Trump presidency — or at least, a Clinton win and impeachment. So, uncertainty and volatility either way, in other words.

But Comey said in a letter sent on Sunday that the FBI has “not changed our conclusions” that the Democratic presidential candidate should not face charges. He also confirmed the FBI “reviewed all of the communications that were to or from Hillary Clinton,” referencing the newly surfaced emails.

The U.S. stock markets officially open at 9:30 a.m. ET on weekdays and close at 4 p.m. ET.

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