Wall Street rallies on eve of election

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NYSE tradersImage source, Reuters

Stocks on Wall Street saw their biggest one day gain in eight months as investors reacted to the latest events in the US election.

Shares worldwide have risen after the FBI said Hillary Clinton should not face criminal charges over her emails.

In the US, the S&P 500 index surged 2.2%, or 46.34 points, to 2,131.52.

On Friday, the index had closed lower for the ninth trading session in a row - its worst run since December 1980.

The Dow Jones Industrial Average soared 371 points to 18,259.60, while the tech-heavy Nasdaq index jumped 119.8 points at 5,166.17.

"Investors are reacting this morning to moving the email controversy to the sidelines, but still looking at a race that is too close to call," Art Hogan, chief market strategist at Wunderlich Equity Capital Markets said.