Here Is Why Stocks May Have a Brexit Reaction to the U.S. Presidential Election

U.S. stocks surged Monday and were on track to snap a five-day losing streak, as the FBI found no new evidence against Hillary Clinton in a fresh batch of emails. Investors view a Clinton win as a safer bet for stocks. The reaction seen across the markets is similar to the days leading up the the Brexit referendum in June. Stocks surged after polls showed the UK was likely to remain in the EU, a safer outcome for stocks. Michael Ingram, a market analyst with BGC Partners in London, says strategists are expecting a 3-5% decline in stocks following a Trump win, but that investors are taking solace in the likelihood of a split Congress. The markets embrace political gridlock, as it prevents one party from gaining too much power. TheStreet's Scott Gamm reports from Wall Street.