U.S. Stocks Fall, Bonds Mixed Before French Vote: Markets Wrap
- Tight France race leaves investors grasping for direction
- Political risk reflected by elevated stocks volatility
How Will Markets React to Elections in France?
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U.S. ended lower in heavy trading, while Treasuries and the dollar were little changed as markets struck a note of caution ahead of this weekend’s French presidential election.
The S&P 500 Index slumped in the final minutes of trading on volume 16 percent above the 30-day average. Stocks ended above session lows after Donald Trump said the White House will present a tax-reform plan next week. The statement to the Associated Press sent the Treasury 10-year yield lower, leaving it unchanged for the day and week. The Bloomberg Dollar Spot Index climbed, paring a second weekly loss. Crude slid below $50 a barrel, while gold advanced.