Daily Recap
U.S. stocks were mostly unchanged, and remain near all-time highs, following Macron's victory yesterday in the French election. At the sector level, declines in materials companies were offset by small rallies in energy and technology.
The Industrials traded lower for the better part of the day before climbing into positive territory near the close, ending the day up 5 points. The transports diverged sharply, losing 1.06%. Meanwhile, the Nasdaq climbed a massive 0.03% and the S&P 500 remained flat.
Earlier in the day, Asian shares moved higher (except China) with the Asia Dow climbing 1.06%. The opposite occurred in Europe, where nearly all indexes except the UK's FTSE were in the red. The Stoxx 600 closed down 0.13% with the Europe Dow falling a further 0.84%.
The dollar strengthened, as did oil prices – light crude gained 0.45%. Treasury prices fell, causing the yield on the 10-year note to rise to 2.39%.
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