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Barchart
Barchart
Rich Asplund

Stocks Pressured as European Political Uncertainty Sparks Risk Off in Asset Markets

The S&P 500 Index ($SPX) (SPY) today is down -0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.20%.

Stock indexes today are mixed.  The broader market is moderately lower on negative carryover from a slump in European equity markets.  The Euro Stoxx 50 tumbled to a 3-1/2 month low today as growing concerns about political turmoil in France have prompted risk-off sentiment in asset markets.  European markets are increasingly anxious about European politics after French President Macron announced a snap legislative election following his party’s drubbing in European Parliament elections last Sunday. 

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