STOCKS SOAR AFTER FIRST ROUND OF FRENCH ELECTION: Here's what you need to know

Stocks took off on Monday after the first round of the French presidential election.Centrist candidate Emmanuel Macronand anti-European Union, far-right candidate Marine Le Pen nabbed the top two spots in the first round of voting on Sunday and will square off in the second round in May.The strong showing and initialpolling for Macron gave some relief forinvestors' fears thatFrance could leavethe EU. In response, the Euro jumped against the US dollar but cooled off over the course ofthe day.We've got all the headlines, but first, the scoreboard:Dow: 20,770.65, +222.89, (+1.08%)S&P 500:2,374.11, +25.28, (+1.08%)Nasdaq:5,983.04, +72.59, (+1.23%)US 10-year bond yield:2.273%, (+0.036)WTI crude oil: $49.20, -0.42, (-0.85%)Trump's tax plan will include a 15% corporate tax rate and may not be deficit neutral.The long-awaited cut would fulfill a campaign promiseby Trump to lower the rate fromthe current 35% if passed. The plan, which Trump said will be rolled out on Wednesday, may add to the deficit.Trump says the stock market is a fair indicator of his performance.In an interview with Associated Press, Trump was asked if the stock market was a fair barometer of his success. "You live by the sword, you die by the sword, to a certain extent," Trump told the AP.Albertsons is reportedly considering a takeover of Whole Foods.The grocery chain has approached bankers regarding a possible acquisition of Whole Foods, according to the Financial Times. The interest comes just two weeks after activist hedge fund Jana Partners revealed a 9% stake in Whole Foods and urged changes at the high-end grocer.Netflix is raising another $1 billion in debt.The streaming service announced it was adding the debt on Monday, saying the funding would be used for "general corporate purposes." The company also reiterated its strong balance sheet and cash flow as reasons to take on debt.Hasbro beat on earnings.The toy maker posted earnings per share of $0.43, higher than the $0.38 per share expected by analysts.The stock market volatility indexsaw its largest daily drop since November 9.The VIX index, which measures the volatility of the S&P 500, dropped to 11.07 on Monday, the biggest drop since the day after the election.ADDITIONALLY:The government shutdown looks like it will hinge on Trump's border wallWe're about to get a clear example proving the stock market is not the economySaudi Arabia is making a 'U-turn' on a controversial policyThe first round of the French election is over, and Wall Street can start moving onAirlines are destroying a main pillar of the stock market rallySears' turnaround timeline is shrinking ' and it could be next in line to declare bankruptcySEE ALSO:We took a helicopter to dinner at the Rockefeller Estate with the most powerful business players you've never heard ofJoin the conversation about this storyNOW WATCH: Congress just voted to allow your internet provider to sell your online history and data 'here's how to protect your privacy
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