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April 21th is in the books. This is the New York minute.
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U.S. stock finished lower on Friday as investors to took a cautious stance ahead of Sunday's French presidential election.
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U.S. stocks and the benchmark treasury yield briefly cut their losses on Friday
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after Donald Trump said he would deliver a plan for "massive tax cuts" on Wednesday or shortly after.
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However, the S&P 500 finished the day down 0.3 percent,
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but managed to clock a weekly gain of 0.9 percent, its first weekly gain in three.
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The week was dominated by geopolitical developments with U.K. prime minister Theresa May calling for a general election in June.
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But with the French elections taking center stage,
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the latest polls conducted before Thursday's attack in Paris showed the first round due Sunday is too close to call.
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Meanwhile, oil clocked its biggest weekly drop since early March with Friday sale-off
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taking WTI, the U.S. crude benchmark, below $50 dollars a barrel,
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while Brent briefly slid below $52 a barrel.
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The decline came as confidence in OPEC's ability to overpower resurgent U.S. shale industry weakened.
