Wall Street Rallies, Prediction Markets Shift as Hillary Clinton Appears Poised to Win the White House

Stocks rallied Monday thanks to renewed optimism Hillary Clinton will become the next president of the United States. The Dow Jones Industrial Average, S&P 500 and Nasdaq all jumped about 2%, rebounding after several days of decline on fears Donald Trump might win on Tuesday. The prediction markets reacted as well. John Aristotle Phillips, chief executive of U.S.-based prediction market PredictIt, spoke with TheStreet about how traders see Election 2016 turning out. The prediction markets and broader markets have moved in tandem throughout the cycle.