The U.S. stock market rebounded from a nine-day losing streak Monday, posting its biggest gain in eight months and driving the Dow Jones industrial average up more than 370 points.
The FBI announced late Sunday that its review of newly discovered Hillary Clinton emails found no evidence warranting charges. That appeared to ease the market’s anxiety, which ratcheted up in recent weeks over signs that the presidential race was tightening, triggering the longest losing streak for the S&P 500 since 1980.
Financial stocks led the broad market rally. The Dow gained 371.32 points, or 2.1 percent, to 18,259.60. The S&P 500 index rose 46.34 points, or 2.2 percent, to 2,131.52.
CUSHING, Okla. – Dozens of buildings sustained “substantial damage” after a 5.0 magnitude earthquake struck an Oklahoma town that’s home to one of the world’s key oil hubs, but officials said Monday that no damage has been reported at the oil terminal.
Cushing City Manager Steve Spears said 40 to 50 buildings were damaged in Sunday’s earthquake, which was the third in Oklahoma this year with a magnitude of 5.0 or greater. No major injuries have been reported, and Spears said the damage included cracks to buildings and fallen bricks and facades.
Oklahoma has had thousands of earthquakes in recent years, with nearly all traced to the underground injection of wastewater.
Jury selection was scheduled to begin Monday in the trial of a man charged with killing nine black parishioners at a Charleston church last year, but a federal judge abruptly postponed it without offering much of an explanation.
At the same time, officials in Charleston said they were investigating reports of threatening letters recently sent to locations in the city, one of which referred to the alleged gunman. At least two others went to the church where the massacre occurred. Officials did not say whether there was any connection between the letters and the trial.
Dylann Roof, 22, faces a possible death sentence in the federal trial stemming from the killings at Emanuel AME Church last year. The Justice Department said earlier this year it would seek the death penalty for Roof, a rare punishment for federal prosecutions, after he was charged with federal hate crimes in a 33-count indictment.
MIAMI – Janet Reno, who was the first woman to serve as U.S. attorney general but also became the epicenter of multiple political storms during the Clinton administration, died early Monday. She was 78.
Reno died from complications of Parkinson’s disease, her goddaughter Gabrielle D’Alemberte said, adding that Reno spent her final days at home in Miami surrounded by family and friends.
A former Miami prosecutor who famously told reporters “I don't do spin,” Reno served nearly eight years as attorney general under President Bill Clinton, the longest stint in a century.
Associated Press
