Investors dumped perceived safe trades on Monday, a day after FBI Director James Comey informed Congress that the bureau had "not changed its conclusions" on Hillary Clinton's use of a private email server.
Prices for U.S. Treasurys — the classic "safe haven" investment — fell, sending their yields higher: the two-year note yield rose to near 0.82 percent and the benchmark 10-year yield rose to around 1.817 percent. The face value of bonds move in opposite directions of yields.
Gold fell $23 lower to $1,281.60 per ounce. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded 12 percent lower, near 19.8, and was on track to snap a nine-day streak of gains.
The Japanese yen, considered a safe-haven trade in currencies, fell more than 1 percent to 104.5 yen to the dollar.
Investors had recently taken off riskier positions from their portfolios, after Comey said 11 days before Tuesday's election that the bureau would start a new investigation into Clinton emails found on disgraced congressman Anthony Weiner's computer. After that, Clinton's lead in the polls over Donald Trump narrowed significantly, according to data from RealClearPolitics.