Stocks Slide with French Election on Radar



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

The Dow Jones Industrials stumbled 61.62 points from Thursday’s all-time high to 20,558.15, with UnitedHealth contributing the most losses.

The S&P 500 dropped 4.48 points to 2,342.74, with telecommunications lagging

The NASDAQ poked ahead 3.34 points to 5,818.24

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 22 cents to $53.14 U.S. a barrel

Gold prices faded $2.30 to $1,239.30 U.S. an ounce.