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Stock market today: Stocks nudge higher as new quarter kicks off

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Political Turmoil

Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.

US stocks edged into the green on Monday, starting the quarter on the front foot as political turmoil in France gripped investors counting down to the July 4 break and the key US jobs report. The Dow Jones Industrial Average and the S&P 500 both nudged up roughly 0.2%. The tech-heavy Nasdaq Composite also gained about 0.2%. Stocks are tiptoeing into the green to kick off a trading week cut short by the Independence Day holiday.

In the meantime, the prospect of political gridlock in France is engaging investors after the first round of voting in national elections. French stocks rebounded from a rout, jumping as much as 2.8% as relief set in after Marine Le Pen's far-right party won by a smaller margin than exit polls indicated. US political risks also started to emerge amid questions about whether President Joe Biden will step down as a candidate after a poor debate showing.

 

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