Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

Magnifique: Investors applaud French vote with stock rally

 

April 25, 2017



NEW YORK (AP) — Vive le rally.

U.S. stocks joined a worldwide surge higher Monday after the first round of France’s presidential election raised expectations that the European Union will hold together. A candidate seen as pro-business won the most votes Sunday, and many investors expect him to win a runoff against the remaining anti-EU candidate, which is set for May 7.

Prices for gold, Treasurys and other investments that signal fear in the market all sank, while a popular gauge for measuring investor fear eased by the biggest margin since the summer of 2011.

“It’s good news, and n...



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