US equity investors take hint to hedge amid shifting election odds
S&P 500 remains in its narrowest range in seven weeks after Friday's 20-point drop following FBI announcement
New York
AS the US presidential-election race narrows after last Friday's surprise announcement by the Federal Bureau of Investigation (FBI), stock investors are finally showing some jitters.
Hedges against a market decline surged immediately after reports that the FBI is reviewing files that may be related to an investigation of Hillary Clinton's email practices when she was secretary of state. The ratio of bearish versus bullish options changing hands on the Chicago Board Options Exchange (CBOE) jumped the most since June to match a four-month high.
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