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|Wall St. falls as FBI to review more Clinton emails|
U.S. stocks declined in a volatile session on Friday but were able to partially recover from a sharp drop spurred by news the FBI will review more emails related to Democratic presidential candidate Hillary Clinton's private email use. Each of the three major indexes on Wall Street fell to session lows, with the S&P 500 dropping 1 percent in an hour, after FBI Director James Comey said in a letter to several congressional Republicans the agency had learned of the existence of emails that appeared to be pertinent to its investigation. "The headline hit, everyone panicked for a second that it was going to affect the outcome of the election," said Stephen Massocca, chief investment officer at Wedbush Equity Management LLC in San Francisco.
|Madoff trustee reaches $277 million accord with money manager's family|
Irving Picard, the trustee, said victims will receive at least $232 million of cash, and the rights to $30.7 million of assets that are expected to be sold. A separate $15 million fund will pay claims by California investors, resolving litigation by that state's Attorney General Kamala Harris, and which had been brought in 2009 by her predecessor, California Governor Jerry Brown. Friday's settlement requires approval by U.S. Bankruptcy Judge Stuart Bernstein in Manhattan, who oversees the liquidation of Bernard L. Madoff Investment Securities LLC. A hearing is scheduled for Nov. 22.