Stocks Slide as Rally Pauses



U.S. equities traded lower on Friday as a record-setting rally slowed down, while investors kept an eye on France's presidential election.

The Dow Jones Industrials stumbled 53.58 points off Thursday’s all-time high to 20,566.19, with UnitedHealth and Goldman Sachs contributing the most losses.

The S&P 500 dropped 3.95 points to 2,343.27, with financials lagging.

The NASDAQ poked ahead 3.57 points to 5,818.46

The only major economic data released Friday are leading indicators, which rose 0.6% in January.

Overseas, according to recent polls, Marine Le Pen — France's far-right, anti-European Union candidate — is the favourite to win the first round of voting, scheduled for April. However, it is not clear whether she will win the run-off vote in May.

Prices for the benchmark 10-year Treasury note gained ground, lowering yields to 2.42% from Thursday’s 2.45%. Treasury prices and yields move in opposite directions.

Oil prices fell 12 cents to $53.24 U.S. a barrel

Gold prices added $1.30 to $1,242.90 U.S. an ounce.