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Markets

Stocks in strongest two-day upswing since Brexit

Opening sequence

Opening sequence

Markets

Stocks in strongest two-day upswing since Brexit

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COMING UP:Stocks in strongest two-day upswing since Brexit

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Transcript

00:00:01
>> Wall Street seeing it's biggest two-day rally since the rebound from Brexit debacle back in June.>> I'm Conway Gittens in New York. The Dow is in rally mode. Blue chips now winning back all of the losses suffered during that nine-day sell-off, which was Wall Street's longest losing streak since the 1980s.
00:00:18
The broader market not too far behind.>> A tepid start to the trading day Tuesday giving way to some volatility as traders watch incoming data on one of the most contentious battles for the White House ever. Real-time tracking firm VoteCastr favoring Hillary Clinton according to their compilation of early voting and exit polls.
00:00:40
But this is the first time VoteCastr is being used by media companies as a predictor. And it's data, as with any early polling, should be looked at with a skeptical eye. One only has to look back to Britain's decision to leave the European Union back in June. A vote that caught most by surprise given the polls leading up to the vote signaled Britain would vote against Brexit.
00:01:02
A Clinton win is overly favored by Wall Street. She is seen as a cool and steady hand, while Trump is seen as erratic and a wild card. Some market watchers say a Clinton win would please the market sending it up between 3 to 5%, but a Trump surprise could cause a stock market slump of about 10%.