* Mattel (MAT) top drag on Nasdaq after bigger-than-expected loss
* Schlumberger weighs on S&P 500 after margin warning
* First round of French election to be held on Sunday
* Indexes down: Dow 0.11 pct, S&P 0.27 pct, Nasdaq 0.20 pct (Adds details, changes comment, updates prices)
Centrist Emmanuel Macron is leading most opinion polls for
Sunday's election and is expected to contest a second-round
"Although Macron has been labeled as favorite to become the
next French President, an unexpected
After a two-week losing streak, major indexes are on track
to post weekly gains following Thursday's rally, which was
driven by Treasury Secretary
A steady stream of strong earnings through the week continued to bolster market sentiment.
Of the 95 companies in the S&P 500 that have reported earnings through Friday morning, about 75 percent have topped expectations, according to Thomson Reuters data, above the 71 percent average for the past four quarters.
Overall, profits of S&P 500 companies are estimated to have risen 11.2 percent in the quarter, the best since 2011.
"The earning season has been tremendous so far and while
we're still relatively early in the season, we're off to a great
Seven of the 11 major S&P sectors were lower, with the telecommunications index's 0.89 percent fall leading the decliners.
Shares of General Electric (GE) fell 1.1 percent to
Schlumberger was down 3.1 percent at
Mattel (MAT) fell as much as 11.3 percent to an 18-month
Oil prices edged lower, on course for the biggest weekly drop in a month, over doubts that an OPEC-led production cut will restore balance to an oversupplied market.
Declining issues outnumbered advancers on the NYSE by 1,535 to 1,175. On the Nasdaq, 1,584 issues fell and 974 advanced.
The S&P 500 index showed 23 new 52-week highs and one new
low, while the Nasdaq recorded 53 new highs and 16 new lows.
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