Список проголосовавших за комментарий " Midday Market Summary: French Vote Leaves U.S. Stocks Solidly Higher at Midday<p>The bulls moved the stock market swiftly higher out of the gate on Monday morning, fueled by the positive sentiment surrounding yesterday's French vote. However, the looming possibility of a government shutdown in the U.S. has kept gains in check thus far, leaving the S&P 500 (+1.0%) near its opening level at midday. </p><p>Centrist candidate Emmanuel Macron and far-right candidate Marine Le Pen will face-off in the final round of the French presidential election on May 7 after finishing in first and second place, respectively, in the first round. Current polls give Mr. Macron a 20 point lead over Ms. Le Pen, which has been construed as a positive for investors given Ms. Le Pen's anti-EU rhetoric.</p><p>France's CAC (+4.1%) finished its trading day at its best level in nine years with markets around the globe--Germany's DAX (+3.4%), UK's FTSE (+2.1%), Japan's Nikkei (+1.4%), Hong Kong's Hang Seng (+0.4%), and India's Sensex (+1.0%)--reflecting the positive sentiment. The euro is up 1.2% against the U.S. dollar.</p><p>However, outside of the jolt at the start of Monday's session, U.S. equities have been relatively quiet as investors shift their focus from Paris to Washington. Congress will return from its spring recess on Tuesday, giving legislators just four days to pass a new spending bill and prevent a government shutdown. Reports indicate that President Trump will try to use the deadline to leverage funding for his promised barrier along the U.S./Mexico border, which may complicate what was expected to be a fairly routine passage.</p><p>Furthermore, if Congress can't pass a continuing resolution to keep the government running, investors will no doubt lose confidence in the new administration's ability to tackle more controversial issues such as tax reform, which has been a major catalyst in the stock market's post election rally. This concern is most clearly seen in the Treasury market, which has reclaimed much of its earlier loss, pushing the benchmark 10-yr yield (2.27%) back below the important 2.30% mark. Buyers' willingness to purchase U.S. sovereign debt in an otherwise risk-on day is certainly something to be watched in the afternoon session.</p><p>Sector standings have been fairly consistent throughout today's session with the financial group (+2.2%) leading the stock market higher from the jump. Nine of eleven sectors trade in positive territory with cyclical spaces generally outperforming their countercyclical peers. The lightly-weighted real estate (-1.3%) and telecom services (-0.1%) groups are the only sectors to trade in negative territory.</p><p>Investors did not receive any economic data in today's session.</p>"