US stocks subdued as French election looms
|Major US equity indices traded with a mild negative bias as investors opted to remain on the sidelines ahead of the first round of French Presidential election on Sunday.
In what is seen as one of the tightest races to the run-off, investors seemed noncommittal for any firm direction and has thus led to a lackluster opening hour of trading activity in the US equity markets.
Market also seems to digest previous session's rally led by upbeat corporate earnings and comments by the US Treasury Secretary Steven Mnuchin, saying that the US President Donald Trump’s tax reforms will be unveiled in the near future.
Meanwhile, news of a terror attack in Paris also seems to be weighing on investors' sentiment and collaborating to the subdued price action during opening hour of trade.
At the time of writing, the Dow Jones Industrial Average lost around 8-points to 20570, while the broader S&P 500 Index was down 3-points to 2353. Meanwhile, tech-heavy Nasdaq Composite Index dipped over 6-points to 5,910.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.