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Markets Right Now: Global stocks rally after French vote

The latest on developments in financial markets (All times local):

4:00 p.m.

U.S. stocks joined a worldwide rally after results from the first round of France’s presidential election raised expectations that the European Union and euro currency will hold together.

Banks and industrial companies led the way higher in U.S. markets Monday. Bank of America jumped 4.1 percent.

Hasbro rose 5.9 percent after reporting strong results.

French stocks leapt 4.1 percent after centrist Emmanuel Macron emerged on top in the first round of the country’s presidential election, stoking hopes he would beat the far-right Marine Le Pen in a runoff in two weeks.

The Standard & Poor’s 500 index rose 25 points, or 1.1 percent, to 2,374.

The Dow Jones industrials gained 216 points, or 1.1 percent, to 20,763. The Nasdaq composite climbed 73 points, or 1.2 percent, to 5,983, another record.

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11:45 a.m.

U.S. stocks joined a worldwide rally after results from the first of France’s presidential election raised expectations that the European Union and euro currency will hold together.

Banks and materials companies led the way higher in U.S. markets Monday. Bank of America jumped 3.8 percent.

Hasbro rose 5.7 percent after reporting strong results.

French stocks leapt 4 percent after centrist Emmanuel Macron emerged on top of the first round of the country’s presidential election, stoking hopes he would beat the far-right Marine Le Pen in a run-off in two weeks.

The Standard & Poor’s 500 index rose 20 points, or 0.9 percent, to 2,369.

The Dow Jones industrials gained 192 points, or 0.9 percent, to 20,740. The Nasdaq climbed 61 points, or 1 percent, to 5,972.

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9:35 a.m.

Stocks are opening sharply higher on Wall Street, following gains in Europe, on increased expectations that France was not heading for an exit of the euro.

Banks and industrial companies led the way higher in U.S. markets early Monday. KeyCorp and Citizens Financial each rose 4 percent.

French stocks jumped 4 percent after centrist Emmanuel Macron emerged on top of the first round of the country’s presidential election, stoking hopes he would beat the far-right Marine Le Pen in a run-off in two weeks.

The Standard & Poor’s 500 index rose 24 points, or 1 percent, to 2,372.

The Dow Jones industrials gained 203 points, or 1 percent, to 20,750. The Nasdaq climbed 67 points, or 1.2 percent, to 5,978.

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