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.
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