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  • April 21th is in the books. This is the New York minute.

  • U.S. stock finished lower on Friday as investors to took a cautious stance ahead of Sunday's French presidential election.

  • U.S. stocks and the benchmark treasury yield briefly cut their losses on Friday

  • after Donald Trump said he would deliver a plan for "massive tax cuts" on Wednesday or shortly after.

  • However, the S&P 500 finished the day down 0.3 percent,

  • but managed to clock a weekly gain of 0.9 percent, its first weekly gain in three.

  • The week was dominated by geopolitical developments with U.K. prime minister Theresa May calling for a general election in June.

  • But with the French elections taking center stage,

  • the latest polls conducted before Thursday's attack in Paris showed the first round due Sunday is too close to call.

  • Meanwhile, oil clocked its biggest weekly drop since early March with Friday sale-off

  • taking WTI, the U.S. crude benchmark, below $50 dollars a barrel,

  • while Brent briefly slid below $52 a barrel.

  • The decline came as confidence in OPEC's ability to overpower resurgent U.S. shale industry weakened.

April 21th is in the books. This is the New York minute.

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US stocks fall ahead of French election | New York Minute

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    Annie Kuo posted on 2017/04/24
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