Wall Street volatility at 11-year low

Wall Street volatility at 11-year low

Wall Street volatility at 11-year low

Emmanuel Macron's victory in the French presidential election and strong United States corporate results have calmed the markets. The Standard & Poor's 500 index bobbed around its own record through the day, then lost momentum in the last half hour. Eastern time. If it remains up for the day, it would mark the third straight session where it's set an all-time high.

The Dow Jones industrial average fell 36.50 points, or 0.2 percent, to 20,975.78.

Shanghai China Composite Index was up 0.06%.

MARKETS ABROAD: The French CAC 40 fell 0.9 percent, but that follows a 7.4 percent surge in the preceding two weeks, when investors sent French stocks higher in anticipation of a Macron victory. Markets in South Korea are closed today. The hotel operator cited improving trends around the world, from North America to Europe to Asia.

Endo International, Office Depot and Marriott also rose after reporting better-than-expected quarterly earnings. It has been climbing since hitting a low of 2.17 percent three weeks ago.

Wall Street closed mostly lower Tuesday, but the Nasdaq reached another record close.

S&P 500 e-minis ESc1 were up 3.25 points, or 0.14 percent, with 101,861 contracts traded.

Shares in Centrica CNA.L , which owns household energy supplier British Gas, fell as much as 5 percent in early trading, adding to the 10 percent fall recorded since the start of the year. The Russell 2000 index fell 6 points, or 0.5 percent, to 1,390. Last week's jobs report gave reassurance that the US economy is improving despite its weak showing at the start of the year, and companies have been turning in stronger profit reports.

Trading was remarkably calm following the weekend's presidential election in France, which had the potential to upset global markets.

The VIX finished exactly even after closing yesterday at its lowest level since December 1993, pointing to an eerie complacency among investors.

CURRENCIES: The euro fell to $1.0896 from $1.0930 late Monday. The dollar rose to 113.07 Japanese yen from 112.61 yen. Benchmark U.S. crude fell 55 cents to $45.88 a barrel. Brent crude, the worldwide standard, slipped 39 cents to $48.95 per barrel.

Gold fell $11 to $1,216.10 an ounce, silver fell 19 cents to $16.07 an ounce, and copper was close to flat at $2.50 a pound.

Shares of Kate Spade rose 8.2 percent to $18.36 after bigger rival Coach Inc said it would buy the company for $2.4 billion.

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