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Stocks Hold Steady, Small Caps Rise, French Equities Slip After Surprise Win By Left-Wing Bloc: What’s Driving Markets Monday?

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U.S. stocks started the week on a neutral note, with the S&P 500 and Nasdaq 100 indices hovering around the flatline by midday trading in New York. This comes after both indices reached fresh record highs last Friday.

Small-cap stocks outperformed their larger counterparts, with the iShares Russell 2000 ETF (NYSE:IWM) gaining 0.8%. Meanwhile, blue-chip stocks of the Dow Jones index dipped slightly by 0.1%.

Across the Atlantic, French legislative elections concluded with a surprising victory for a left-wing bloc, though they failed to secure an absolute majority. This news led to a downturn in French stocks on the first trading day post-election, as investors worried about potential tax hikes on the wealthy and increased government spending amid already fragile national finances.

Consequently, the iShares MSCI France Index Fund (NYSE:EWQ) dropped 1%, breaking a two-day winning streak.

In the bond market, Treasury yields remained stable, with the 10-year benchmark holding at 4.28%. Investors are keenly awaiting June’s inflation report, set to be released on Thursday.

In the commodities market, metals experienced significant …

Full story available on Benzinga.com

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