Stocks Opened Sharply Higher as FBI Cleared Clinton

U.S. stocks opened sharply higher on Monday, after the Federal Bureau of Investigation said its fresh review of Hillary Clinton’s emails won’t lead to charges. The Dow Jones Industrial Average lately jumped 265.58 points, or 1.48%, to 18,153.86. The S&P 500 gained 32.37 points, or 1.55%, to 2,117.55. The Nasdaq Composite rose 84.64 points, or 1.68%, to 5,131.01.

FBI Director James Comey said Sunday he had informed Congress there were no new findings in the additional emails found on the computer of former Rep.

Windstream is buying rival EarthLink for about $673 million in stock as internet service providers try to bulk up and cut costs with revenue under pressure. EarthLink shareholders will receive 0.818 of a share for each EarthLink stock they own. Windstream Holdings Inc. will issue about 93 million shares for the deal.

In a surprise announcement, online jeweler Blue Nile said Monday that it has entered into an agreement to be acquired by an investor group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC. The all-cash deal is valued at $500 million.

HSBC Holdings Plc said it will probably take two more years to meet profit goals for its U.S. business after the unit’s pretax earnings dropped 28 percent this year.