Wall Street rallies hard on turn-around Monday ahead of US elections

Wall Street recovered on Monday and US stocks had a very good day, the best rally since March in fact after a number of days of straight losses with tensions surrounding the US elections.

However, for today, the relief rally came in the wake of Clinton being off the hook on the back of FBI Director James Comey's letter of conclusion to the email investigations that won't lead to charges.

The Dow Jones Industrial Average was a very impressive gain and back onto the key 18,000 levels while the S&P 500 broke the nine-day losing streak. The Dow Jones Industrial Average rallied hard by 371.32 points, or 2.1%, to close at 18,259.60. The S&P 500 jumped 46.34 points, or 2.2%, to finish at 2,131.52 while the Nasdaq Composite Index also rallied hard by 119.80 points, or 2.4%, to end at 5,166.17. The gains come as the financial markets are in favour of a Clinton victory because it presents less uncertainty and more stability, the status-quo, while a Trump presidency could be highly problematic.