The markets soared today as news came out late Sunday that the FBI had concluded its second probe into the Hilary Clinton email scandal. The FBI reported that they found no additional information that would change their previous findings. The markets, which have been hoping for a Hilary win popped over 1.5% almost immediately. The Dow 30 was up over 370 points gaining 2.07%. The S&P 500 added 2.22%, and the Nasdaq 100 gained 2.37%. Tomorrow is officially election day and all eyes will be glued to the polls to see who is the next President of the United States. There are no economic numbers on the books for tomorrow either.
Investors were largely focused on the market move today but there were still a few names that outperformed based on some kind of news.
LendingClub (NYSE: LC) grabbed some attention today as shares popped 15.11%. The positive move came today after the company reported a narrower than expected loss for the third quarter, along with revenue numbers topping estimates. The company also provided a positive outlook for the current quarter and said the "National Bank of Canada will invest $1.3 billion dollars in its platform over the next year."
Blue Nile (NASDAQ: NILE) completely reversed course today gaining 33.90% as the company reported that it is going private. An investor group led by Bain Capital and Bow Street is buying the company for $500 million in cash. That works out to about $40.75 a share.