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French election results catapult stocks higher

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks rallied on Monday, tracking a relief rally that swept through Asian and European markets, after centrist candidate and market favourite Emmanuel Macron won the first round of the French presidential election.

The Dow Jones Industrial Average <.DJI> rose 216.13 points, or 1.05 percent, to 20,763.89, the S&P 500 <.SPX> gained 25.46 points, or 1.08 percent, to 2,374.15 and the Nasdaq Composite <.IXIC> added 73.30 points, or 1.24 percent, to 5,983.82.

The Nasdaq Composite hit intraday and closing record highs.

(Reporting by Rodrigo Campos; Editing by Nick Zieminski)

 

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First Published: Apr 25 2017 | 1:35 AM IST

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