Not today Trump. France has an election.

The major US indices are ending the day lower but losses are somewhat modest. Even Trumps claim that big tax cuts are coming next week did not have an impact. France elections this week helped to keep the lid on equities.

For the day:

  • S&P ended down -0.30% to 2248.69. The high reached 2356.18. The low 2344.51. The index failed to close above the 50 day MA this week at 2357.42 despite a few tries to break back above. That is a little more bearish at the end of the week and something to watch in the early part of next week.
  • One day after closing at a record level, the Nasdaq is closing at 5910.52 down -6.254 points or -0.11%
  • The Dow fell by -30.95 points or -0.15%

For the week:

  • S&P indeix is ending the week with a gain of 0.85%
  • Nasdaq is ending with a gain of 1.82%
  • The Dow is ending up 0.46%

For the year to date:

  • S&P is up 4.91%
  • Nasdaq is up 9.8%
  • Dow is up 3.97%