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U.S. equities rallied as investors embraced the results of the first round in the French presidential election. Pro-EU Emmanuel Macron is expected to beat right-wing rival Marine Le Pen in a deciding vote on May 7, according to polls, which were mostly right regarding the first-round results.
The Dow Jones industrial average climbed 1.05 percent to end at 20,763.89, with JPMorgan Chase being the best performer while Nike the top decliner. The S&P 500 rose 1.08 percent at 2,374.15, as financials led nine sectors up while real estate and telecommunications lagged behind. The Nasdaq Composite jumped 1.24 percent at 5,983.82.
Investors are bracing for the most busiest earnings week in almost a decade, with more than 190 S&P 500 members, which includes Alphabet and Microsoft set to post results this week.
The S&P 500 rose around one percent, with financials jumping over two percent to lead gains. The SPDR S&P Bank ETF (KBE) and the Regional Banking ETF (KRE) both advanced over two percent.
Among shares active in corporate news, medical device maker C R Bard surged nearly 20 percent to $302.93 after U.S. medical equipment supplier Becton Dickinson said it will buy Bard for $24 billion.
