U.S. Stocks Pare Losses After FBI Recommends No Charges Against Clinton

U.S. stocks briefly trimmed their losses after FBI Director James Comey said his agency recommended to the Department of Justice that no charges should be brought against presumptive Democratic nominee Hillary Clinton related to inclusion of classified information in emails stored on a private server. Though the FBI's investigation did find evidence classified information had been mishandled by Clinton when it was discussed in emails stored on personal servers, Comey said the agency believes "no reasonable prosecutor" would bring charges against Clinton. The Dow Jones Industrial Average trimmed its loss by more than 40 points after Comey's statement, rising to 17,853 in recent trade, compared with a session low of 17,815 reached shortly beforehand. The S&P 500 pared its drop by 7 points to 2,088 in recent trade, compared with a session low of 2,083. The Nasdaq Composite trimmed its drop to 4,817 after the announcement, up from a session low of 4,806 reached shortly beforehand.

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