Stocks fell slightly as investors looked ahead to France's presidential election while digesting more quarterly results from companies. - From CNBC
"The longer the indexes stay below the 50-day moving average, the more negative the outlook gets." "Investors seem to be optimistic but there are factors dampening that optimism," said Peter Cardillo, chief market economist at First Standard Financial.
"The market is concerned over the French election." Uncertainty around the election has grown over the past month after far-left candidate Jean-Luc Melenchon's surprising surge in the polls.
The Dow Jones industrial average fell 30.95 points, or 0.15 percent, to close at 20,547.76, with Verizon leading decliners and Microsoft the top advancer.
The S&P 500 declined 7.15 points, or 0.3 percent, to end at 2,348.69, with telecommunications leading nine sectors lower; utilities and industrials were the only risers.
The Nasdaq pulled back 6.26 points, or 0.11 percent, to close at 5,910.52.