Dow drops 125 points on Clinton email news
NEW YORK (CNNMoney) — The latest twist in the Donald Trump vs. Hillary Clinton election saga is sending stocks tumbling Friday afternoon.
The Dow shed over 125 points after news hit that the FBI is re-opening its investigation into Clinton’s personal email server just 11 days before the election.
“The FBI has learned of the existence of emails that appear pertinent to the investigation,” FBI Director James Comey wrote in a letter to members of Congress Friday. He said the FBI would “review these emails to determine whether they contain classified information.”
Investors had been pricing in a solid Clinton victory. Now there’s doubt.
In addition to U.S. stocks slipping Friday, other key market indicators tied to the election moved sharply.
The Mexican peso is down about 1%, a sign that investors think Trump’s chances of winning are growing.
The peso had been climbing in recent weeks as Trump’s poll numbers tanked. Trump has vowed to crack down on companies moving jobs and plants to Mexico, and he’s said Mexico should pay for a massive wall between the two nations.
Trump immediately seized on the news.
“Hillary Clinton’s corruption is on a scale we have never seen before. We must never let her take her criminal scheme into the Oval Office,” Trump said in New Hampshire.
The Clinton campaign did not immediately respond to the FBI announcement. Clinton was scheduled to speak Friday afternoon in Iowa.