Economics
U.S. Stocks Fall With Mexico Peso on Clinton Probe; Bonds Rise
- FBI reopens e-mail investigation 11 Days before election
- Dollar declines as traders pare bets on December Fed hike
FBI Is Re-Opening Clinton E-Mail Investigation
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U.S. stocks fell with Mexico’s peso after the FBI said it’s reopening an investigation into Hillary Clinton’s use of an unauthorized e-mail server. Bonds rose, while the dollar slumped as traders pared bets on a Federal Reserve hike this year.
American equities erased gains and Mexico’s peso, which is seen as a proxy for market perception on the U.S. vote, declined against most major currencies. The greenback slipped from a seven-month high, while Treasuries rose as futures data now show wagers on a 70 percent probability of a rate increase by December, down from 74 percent earlier Friday. Crude sank as an OPEC committee discussed production targets.