Wall Street surges, Nasdaq hits record on French vote result

Polls showed pro-EU Macron is expected to beat right-wing rival Marine Le Pen in a deciding vote on May 7, quelling some fears of a breakup of the Eurozone after Britain's shock exit vote last year. "The markets are in a strong rebound as the expectations of the first round of the French elections results were pleasing," Peter Cardillo, chief market economist at First Standard Financial wrote in a note. At 9:34 a.m. ET, the Dow Jones Industrial Average (.DJI) was up 209.6 points, or 1.02 percent, at 20,757.36, the S&P 500 (.SPX) was up 25.3 points, or 1.1 percent, at 2,373.99 and the Nasdaq Composite (.IXIC) was up 67.49 points, or 1.14 percent, at 5,978.02.

Wall Street surges, Nasdaq hits record on French vote result