NEW YORK — In light of the surge in stocks Monday following the FBI’s clearing Democratic nominee Hillary Clinton for her email use, Wall Street stock brokers said financial markets continue to favor Clinton over GOP nominee Donald Trump.
After FBI Director James Comey announced that the agency is not recommending criminal charges against Clinton, the Dow jumped 371 points and stocks surged more than 2 percent.
Clinton, stock brokers said, is a candidate with a stable platform that appeals to Wall Street, despite her push for a “crackdown” on regulation. They said Republican nominee Donald Trump, however, has unpredictable and vague market policies, including his promise to increase tariffs on international trade.
According to a RealClearPolitics poll, Clinton is holding a 2.9-point lead over Trump.
Still, most interviewed said financial markets are not greatly impacted by a specific candidate winning. Looking at major U.S. markets over the last six presidential elections, there is no obvious trend for how elections have affected markets as a whole.
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