Michael P. Regan and Rita Nazareth - May 7, 2012 9:38 AM CT
The euro slid for a sixth day versus the dollar and U.S. stocks fell, while Treasuries rose, after French Socialist Francois Hollande was elected president and Greek voters picked anti-bailout parties. Commodity shares led U.S. equities lower as the stronger dollar weighed on materials.
The euro lost 0.3 percent to $1.3039 as of 10:36 a.m. in New York. The Standard & Poor’s 500 Index fell 0.4 percent. Ten- year Treasury yields fell two basis point to 1.86 percent after losing six points earlier. Ten-year French yields slipped three points to 2.80 percent and the CAC-40 Index of stocks rallied 0.7 percent. The Stoxx Europe 600 Index erased a 0.8 percent drop to climb 0.3 percent, even as Greece’s ASE Index (ASE) plunged as much as 8.3 percent in its worst drop since 2008. The S&P GSCI Index of commodities fell for a fourth day.