(Nov 8): Wall Street surged on the eve of the U.S. presidential election, with Democratic nominee Hillary Clinton's prospects brightening after the FBI said it would not press criminal charges against her over the use of a private email server. The exchange-traded fund is viewed as a barometer for expectations that Republican Donald Trump could win the election since his policies are considered negative for Mexico. Wall Street had closed lower for nine days in a row through Friday, its longest losing streak in more than 35 years. "I don't see another 5 percent bump on a Clinton win, but I could see a 5 to 7 percent pullback on a Trump win." Investors expect a Clinton victory would not hinder a potential interest rate hike by the Federal Reserve next month.

Source: The Edge Markets November 07, 2016 22:33 UTC