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U.S. stocks open sharply higher after FBI nixes Clinton e-mail charge

Xinhua, November 7, 2016 Adjust font size:

U.S. stocks opened sharply higher on Monday after the FBI again cleared Democratic presidential nominee Hillary Clinton over her use of a private server.

FBI Director James Comey on Sunday informed U.S. House members that the FBI has not changed its July advice not to charge Clinton over her use of personal email server during her stay in the State Department.

In a letter to several members of Congress, Comey said the agency had finished its review and found nothing to change its position.

"Based on our review, we have not changed our conclusions that we expressed in July with respect to Secretary Clinton," said the statement.

Financial markets in general view a Clinton win as the better outcome in Tuesday's election, as it presents fewer unknowns and possibly more stability for markets than victory for her Republican rival Donald Trump.

There is no major economic report due Monday.

Shortly after the opening bell, the Dow Jones Industrial Average jumped 241.06 points, or 1.35 percent, to 18,129.34. The S&P 500 gained 28.17 points, or 1.35 percent, to 2,113.35. The Nasdaq Composite Index added 77.71 points, or 1.54 percent, to 5,124.08.

On Friday, U.S. stocks pared early gains to end lower, with both the S&P 500 and the Nasdaq extending their losing streak to a ninth straight day, as investors digested the country's nonfarm payroll report. Endi