Photo via Gage Skidmore/Flickr

Wall Street rallies ahead of Election Day

Your 401(k) is with her.


Andrew Couts


Published Nov 7, 2016   Updated May 25, 2021, 3:37 pm CDT

Stock markets around the world rallied Monday morning on news that the FBI will still not pursue criminal charges against Hillary Clinton

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The Dow Jones Industrial Average, NASDAQ, and the S&P 500 all rallied on Monday as polls and prediction markets pointed to a win for Clinton in the general election against Donald Trump

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The Republican nominee’s chances had increased over the previous two weeks, particularly after FBI Director James Comey revealed that investigators had begun to inspect some 650,000 emails found on a laptop owned use by Clinton aide Huma Abedin and her estranged husband, former New York Rep. Anthony Wiener, who is under investigation for sexting with an underage girl. 

Despite a slew of leaks from unnamed “FBI officials,” it remained unclear if the emails were relevant to the FBI’s investigation into Clinton’s private email server until this weekend.

Comey told members of Congress in a letter sent on Sunday that investigators had not changed their conclusion, reached in July, that it would recommend no criminal charges against Clinton or her staff for their use of a private email server during the Democratic nominee’s tenure as secretary of state. 

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Clinton currently has a 67.7 percent chance of winning the election, according to FiveThirtyEight, while CNN gives Clinton a 92 percent chance of winning the White House.

In addition to stocks, Mexico’s peso—a currency that has historically dipped amid surges in Trump’s poll numbers—also climbed more than 2 percent, and the U.S. dollar climbed nearly half a percentage point following a six-day dip, according to Bloomberg Markets.

Experts largely believe a Clinton win would remove some added volatility from the trading markets, while a Trump victory could send the dollar plummeting and put economies around the globe on shakier ground.

In short, no matter who you support, your 401(k) is probably with her.

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*First Published: Nov 7, 2016, 2:30 pm CST