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Closing Bell: Gold Endures Worst Day in Weeks; S&P 500 Snaps Losing Streak

Stocks enjoyed a massive rally to start the week as confidence in an election win for Hillary Clinton boosted sentiment.

Stocks enjoyed a massive rally to start the week as confidence in an election win for Hillary Clinton boosted sentiment.

The S&P500 snapped its worst losing streak in decades, while the Dow Jones Industrial Average returned to above 18,000.

Safe-haven assets such as gold declined. Gold for December delivery fell under $1,300 an ounce in its largest one-day percentage loss in five weeks. Safe-haven assets typically fall as appetite for riskier assets increase.

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Blue Nile (NILE) rocketed higher after agreeing to be taken private for $500 million in an all-cash deal. An investor group consisting of Bain Capital Private Equity, among others, agreed to make the purchase.

Windstream Holdings (WIN) - Get Windstream Holdings, Inc. Report moved slightly higher after agreeing to buy telecom Earthlink Holdings (ELNK) . The acquisition helps the company cut costs in an increasingly competitive industry.