US, European stocks touch record highs as calm backs risk rally

Police arrest 150 after post-election trouble in Paris overnight

It closed at 9.77, lowest since December 1993.

The VIX .VIX , Wall Street's "fear gauge", hit its lowest level in more than a decade earlier in the day.

Investor sentiment has been bolstered by historically low US stock market volatility, last weekend's French presidential election result and solid corporate earnings. On the Nasdaq, 1,501 issues rose and 1,233 fell.

In contrast, I view decreasing levels of equity volatility as a very bullish quantitative factor, given the current U.S. Fundamental Gravity of accelerating growth.

The euro hit a six-month high against the dollar after Macron comfortably defeated far-right nationalist Marine Le Pen who had threatened to take France out of the European Union.

USA crude oil futures extended their recovery from a five-month low last week, settling up 21 cents at $46.43 a barrel after Saudi Arabia's oil minister said that he expected major oil producers to consider extending their deal to cut supply possibly into next year.

She believes there are more nuanced reasons than complacency for the suppressed volatility, like the rise of exchange-traded funds and investors finding other ways to hedge besides S&P 500 index options.

US, European stocks touch record highs as calm backs risk rally
US, European stocks touch record highs as calm backs risk rally

The prior 10 periods including Monday have seen an S&P 500 range of just 19.54 points, or 0.82 percent. It briefly touched a record high of 2,399.94.

(MAR) were all trading higher after reporting better-than-expected quarterly results. The Nasdaq Composite .IXIC had declined 0.02 percent to 6,099.24.

Shares of Kate Spade rose 8.2 percent to $18.36 after bigger rival Coach Inc said it would buy the company for $2.4 billion.

NEW YORK, May 9 (Reuters) - Wall Street opened higher on Tuesday, with the S&P 500 and Nasdaq touching all-time intraday peaks, as USA equities tracked European stocks and global bond yields.

Since Donald Trump's election in November the S&P 500 has risen almost 14 percent, raising questions about market valuations.

Straight Path STRP.A surged more than 30 percent to after an unnamed telecommunications company raised its offer to buy the wireless spectrum holder for about $3.1 billion, trumping a bid by AT&T T.N .

Tyson Foods TSN.N was the biggest S&P loser, down 6.2 percent after the meat processor reported a slump in quarterly profit.

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