Experimental feature

Listen to this article

Experimental feature

The relief following the first round of voting in the French presidential election propelled major US equities indices higher and pushed the Nasdaq Composite to a fresh record closing high on Monday, even as investors eye a busy week for corporate results.

The financials sector gained more than 2 per cent and industrials were up 1.3 per cent, both of which propelled the Dow Jones and S&P 500 higher for the day. The Dow ended the day up 1.05 per cent to 20,763, while the S&P 500 gained 1.08 per cent on the day to end at 2,374.

The Nasdaq Composite, meanwhile, picked up 1.24 per cent to hit a fresh closing high of 5,983.82, ahead of a busy week of corporate earnings from some of tech’s biggest names.

The yield on the benchmark 10-year US Treasury note picked up 2.1 basis points on the day to end at 2.27 per cent.

The dollar index, which measures the greenback against a basket of its peers, was nearly level with its open at 99.05, while the euro picked up 1.3 per cent against the dollar to $1.087, as markets wrap their head around the match-up between French political newcomer Emmanuel Macron and the far right’s Marine Le Pen next month.

Get alerts on Markets when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.

Comments have not been enabled for this article.

Follow the topics in this article