Saturday, 29 October 2016

Wall Street falls as FBI to review more Clinton emails

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US stocks declined in a volatile session on Friday but were able to partially recover from a sharp drop spurred by news the FBI will review more emails related to Democratic presidential candidate Hillary Clinton's private email use. Each of the three major indexes on Wall Street fell to session lows, with the S&P 500 dropping 1 percent in an hour; after FBI Director James Comey said in a letter to several congressional Republicans the agency had learnt of the existence of emails that appeared to be pertinent to its investigation. The US election is scheduled to take place in 11 days, on November 8. 


"The headline hit, everyone panicked for a second that it was going to affect the outcome of the election," said Stephen Massocca, chief investment officer at Wedbush Equity Management LLC in San Francisco. The benchmark S&P 500 index fell as much as 0.6 percent on the session, hitting a low of 2,119.36 before recovering.

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