Stock Market News:- Wall Street dips before French election, but up for week
US stocks dipped on Friday as investors were cautious ahead of the first
round of the closely contested French presidential election, but the
S&P 500 managed to notch its first weekly gain in three. The first
round of France's presidential election may be too close to call when
polls close on Sunday because initial projections will not be available
as early as in the past, pollsters and their watchdog said. Most polls
see centrist Emmanuel Macron and far-right leader Marine Le Pen
qualifying on Sunday for a May 7 runoff, but conservative Francois
Fillon and leftist Jean-Luc Melenchon are not far behind and within the
margin of error.
Dow Jones Industrial Average fell 30.95 points, or
0.15 %, to 20,547.76, the S&P 500 lost 7.15 points, or 0.30 %, to 2,348.69 and the Nasdaq Composite dropped 6.26 points, or
0.11%, to 5,910.52.
US President Donald Trump said he would have a major tax reform
announcement on Wednesday. The Dow Jones Industrial Average fell 30.95
points, or 0.15 %, to 20,547.76, the S&P 500 lost 7.15 points,
or 0.30 %, to 2,348.69 and the Nasdaq Composite dropped 6.26
points, or 0.11 percent, to 5,910.52. For the week, the Dow rose 0.5 %, the S&P gained 0.8 % and the Nasdaq advanced 1.8 % in what was the first weekly gain for the top indexes over the
last three weeks. A steady stream of strong earnings through the week
helped to buoy market sentiment.
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