Home Breaking News U.S. stocks open flat as French election looms

U.S. stocks open flat as French election looms


U.S. stocks opened little-changed as investors adopted a wait-and-see approach ahead of the first round of voting in the French presidential election, which takes place Sunday. The S&P 500 index

SPX, -0.24%

was unchanged at 2,355, The Dow Jones Industrial Average

DJIA, -0.09%

was flat at 20,592. The Nasdaq Composite Index

COMP, -0.10%

was little-changed at 5,915. While centrist candidate Emmanuel Macron remains the favorite to win overall, some fear that the National Front’s Marine Le Pen and far-left contender Jean Luc Melenchon might advance to the second round, an upset that would lead to a “nightmare scenario” for markets. Corporate earnings reports released Friday before the bell were generally positive, as shares of industrial conglomerate General Electric Co.

GE, -2.20%

rallied after its earnings surpassed expectations. Honeywell International Inc.

HON, +2.50%

also beat, sending shares higher. Meanwhile, shares of Mattel Inc. slumped after the toy maker’s quarterly results, released late Thursday, missed the mark.

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Stock market edges lower as traders await French election

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