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German far-right party reelects its leaders after election gains while opponents protest

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German far-right party reelects its leaders after election gains while opponents protest
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German far-right party reelects its leaders after election gains while opponents protest

2024-06-29 23:46 Last Updated At:23:50

BERLIN (AP) — The far-right Alternative for Germany reelected its leadership duo Saturday after the party made gains in the recent European election, while thousands of people protested against its convention and some demonstrators tried to block roads or clashed with police.

Alternative for Germany, or AfD, took 15.9% of the vote to finish second in the European Parliament election on June 9, despite recent scandals and setbacks. That was lower than its support in surveys at the beginning of the year, but a particularly strong performance in the formerly communist east has bolstered its hopes of emerging as the strongest party in three state elections there in September.

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Tino Chrupalla, national chairman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

BERLIN (AP) — The far-right Alternative for Germany reelected its leadership duo Saturday after the party made gains in the recent European election, while thousands of people protested against its convention and some demonstrators tried to block roads or clashed with police.

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

People gather to demonstrate against the AfD national party conference in Essen, Germany, Saturday June 29, 2024. The far-right Alternative for Germany party is holding a convention in the western city of Essen and large-scale protests against the party are taking place. (Henning Kaiser/dpa via AP)

People gather to demonstrate against the AfD national party conference in Essen, Germany, Saturday June 29, 2024. The far-right Alternative for Germany party is holding a convention in the western city of Essen and large-scale protests against the party are taking place. (Henning Kaiser/dpa via AP)

Alice Weidel, left, Federal Chairwoman of the AfD, and Tino Chrupalla, Federal Chairman of the AfD, talk at the start of the Alternative for Germany, Federal Party Conference in the Grugahalle in Essen, Germany, Saturday, June 29, 2024. At the two-day party conference, the AfD plans to elect a new federal executive committee, among other things. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, left, Federal Chairwoman of the AfD, and Tino Chrupalla, Federal Chairman of the AfD, talk at the start of the Alternative for Germany, Federal Party Conference in the Grugahalle in Essen, Germany, Saturday, June 29, 2024. At the two-day party conference, the AfD plans to elect a new federal executive committee, among other things. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Bernd von Jutrczenka/dpa via AP)

Demonstrators stand and sit on an access road to the grounds of the far right AfD party conference as some hold a sign reading "No room for hate and agitation - Defend democracy", in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Demonstrators stand and sit on an access road to the grounds of the far right AfD party conference as some hold a sign reading "No room for hate and agitation - Defend democracy", in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators confront the police on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators confront the police on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Demonstrators stand behind a banner reading "Sabotage the right-wing election campaign - break the right-wing wave" on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Demonstrators stand behind a banner reading "Sabotage the right-wing election campaign - break the right-wing wave" on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators stand on an access road to the grounds of far right AfD party’s conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators stand on an access road to the grounds of far right AfD party’s conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Not far from the Grugahalle, demonstrators have gathered to form a sit-in blockade, which is being broken up by the police, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Not far from the Grugahalle, demonstrators have gathered to form a sit-in blockade, which is being broken up by the police, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Participants at the AfD party conference are led to the Grugahalle by the police in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators had their first clash with the police on Saturday morning. (Henning Kaiser/dpa via AP)

Participants at the AfD party conference are led to the Grugahalle by the police in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators had their first clash with the police on Saturday morning. (Henning Kaiser/dpa via AP)

Demonstrators and police confront each other in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators clashed with the police for the first time on Saturday morning. (Henning Kaiser/dpa via AP)

Demonstrators and police confront each other in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators clashed with the police for the first time on Saturday morning. (Henning Kaiser/dpa via AP)

People demonstrate against the far right AfD party conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

People demonstrate against the far right AfD party conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

Participants of the AfD federal party conference are escorted by the police past demonstrators to the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Participants of the AfD federal party conference are escorted by the police past demonstrators to the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

At the regular two-day convention in the western city of Essen, co-leaders Alice Weidel and Tino Chrupalla were elected unopposed to new two-year terms. They were backed by 79.8% and 82.7% of delegates respectively — a display of harmony by the party's often-argumentative standards.

Weidel vowed to work to “tear down the unspeakable so-called firewalls” that other parties have set up against working with AfD.

A heavy police presence was in place in Essen, where local authorities had tried to find a way to prevent the AfD event but lost their case in court. Organizers said a march through the city attracted some 50,000 people, while police didn't immediately give an estimate, German news agency dpa reported. Thousands attended other protest events.

Protesters staged sit-ins on streets and crossings near the convention hall.

Early Saturday morning, a group of demonstrators tried to get through a barrier and was pushed back by police using pepper spray and batons. There were also incidents in which masked demonstrators attacked officers, according to police, who reported “several” arrests.

Two officers were kicked in the head while a politician was being escorted through a group of protesters and were taken to a hospital, police said later Saturday, while another seven were slightly injured.

Weidel told delegates as she opened the meeting that “what is going on out there has nothing to do with democracy" and said that “we are here and we will stay.”

AfD's recent setbacks included the party sidelining its top two candidates from the election campaign due to scandals and being kicked out of its hard-right group in the European Parliament.

Chrupalla said that “we could have taken 20%” in the European vote and complained that reporting on the two candidates was “unfair and disproportionate.” But he also acknowledged that “with careless and unprofessional behavior, some have unnecessarily offered room for attack."

“That way, we take two steps forward and one step back, but in the future we must take three steps forward,” he added, arguing that the party needs to take a closer look at its candidates.

Tino Chrupalla, national chairman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Tino Chrupalla, national chairman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, Federal Chairwoman of the AfD, speaks at the AfD's national party conference in Essen, Germany, Saturday June 29, 2024. (Bernd von Jutrczenka/dpa via AP)

People gather to demonstrate against the AfD national party conference in Essen, Germany, Saturday June 29, 2024. The far-right Alternative for Germany party is holding a convention in the western city of Essen and large-scale protests against the party are taking place. (Henning Kaiser/dpa via AP)

People gather to demonstrate against the AfD national party conference in Essen, Germany, Saturday June 29, 2024. The far-right Alternative for Germany party is holding a convention in the western city of Essen and large-scale protests against the party are taking place. (Henning Kaiser/dpa via AP)

Alice Weidel, left, Federal Chairwoman of the AfD, and Tino Chrupalla, Federal Chairman of the AfD, talk at the start of the Alternative for Germany, Federal Party Conference in the Grugahalle in Essen, Germany, Saturday, June 29, 2024. At the two-day party conference, the AfD plans to elect a new federal executive committee, among other things. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Bernd von Jutrczenka/dpa via AP)

Alice Weidel, left, Federal Chairwoman of the AfD, and Tino Chrupalla, Federal Chairman of the AfD, talk at the start of the Alternative for Germany, Federal Party Conference in the Grugahalle in Essen, Germany, Saturday, June 29, 2024. At the two-day party conference, the AfD plans to elect a new federal executive committee, among other things. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Bernd von Jutrczenka/dpa via AP)

Demonstrators stand and sit on an access road to the grounds of the far right AfD party conference as some hold a sign reading "No room for hate and agitation - Defend democracy", in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Demonstrators stand and sit on an access road to the grounds of the far right AfD party conference as some hold a sign reading "No room for hate and agitation - Defend democracy", in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators confront the police on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators confront the police on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Demonstrators stand behind a banner reading "Sabotage the right-wing election campaign - break the right-wing wave" on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Demonstrators stand behind a banner reading "Sabotage the right-wing election campaign - break the right-wing wave" on an access road to the grounds of the far right AfD party conference in Essen, Germany, Saturday, June 29 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators stand on an access road to the grounds of far right AfD party’s conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

Counter-demonstrators stand on an access road to the grounds of far right AfD party’s conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Not far from the Grugahalle, demonstrators have gathered to form a sit-in blockade, which is being broken up by the police, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Not far from the Grugahalle, demonstrators have gathered to form a sit-in blockade, which is being broken up by the police, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Not far from the Grugahalle, a group of AfD politicians, right, are recognized and surrounded by counter-demonstrators, as the police form a protective ring, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Demonstrators sit on a street surrounded by police officers in Essen, Germany Saturday, June 29, 2024. A few hours before the start of the AfD national party conference, demonstrators had their first clash with the police on Saturday morning.(dpa via AP)

Participants at the AfD party conference are led to the Grugahalle by the police in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators had their first clash with the police on Saturday morning. (Henning Kaiser/dpa via AP)

Participants at the AfD party conference are led to the Grugahalle by the police in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators had their first clash with the police on Saturday morning. (Henning Kaiser/dpa via AP)

Demonstrators and police confront each other in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators clashed with the police for the first time on Saturday morning. (Henning Kaiser/dpa via AP)

Demonstrators and police confront each other in Essen, Germany, Saturday, June 29, 2024. A few hours before the start of the far right AfD national party conference, demonstrators clashed with the police for the first time on Saturday morning. (Henning Kaiser/dpa via AP)

People demonstrate against the far right AfD party conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

People demonstrate against the far right AfD party conference in Essen, Germany, Saturday, June 29, 2024. (Henning Kaiser/dpa via AP)

Participants of the AfD federal party conference are escorted by the police past demonstrators to the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

Participants of the AfD federal party conference are escorted by the police past demonstrators to the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

The police break up a sit-in blockade not far from the Grugahalle, in Essen, Germany, Saturday, June 29, 2024. The two-day national party conference of the AfD is taking place in the Grugahalle, including the election of the federal executive committee. Numerous organizations have announced opposition to the meeting and more than a dozen counter-demonstrations. (Henning Kaiser/dpa via AP)

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Stock market today: Wall Street ticks higher after French market jumps

2024-07-01 21:47 Last Updated At:21:50

NEW YORK (AP) — U.S. stocks are drifting higher Monday, following the French market as elections continue to drive swings in financial markets worldwide.

The S&P 500 was 0.2% higher as it kicked off a short, four-day week that includes the Fourth of July holiday. The Dow Jones Industrial Average was up 227 points, or 0.6%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.1% higher.

Some of the world’s strongest action was across the Atlantic, where the CAC 40 index in Paris jumped as much as 2.8% before settling to a gain of 1.9%. Results from France suggested that a far-right political party may not win a decisive majority in the country’s legislative elections. That could mean the country may avoid one of the worst-case scenarios for financial markets, where such a victory could lead to policies that would greatly increase the French government’s debt and other challenges.

This is a big year for elections worldwide, with voters heading to the polls in the United Kingdom later this week and soon elsewhere. In the United States, pollsters are measuring the fallout from last week’s debate between President Joe Biden and former President Donald Trump. It all underscores “political polarisation and how elections are determining economics, rather than vice versa,” according to Nick Gentle and other members of the product management group at Barclays.

Treasury yields rose in the U.S. bond market, a signal that investors were feeling less pressure to own the safest U.S. investments. The yield on the 10-year Treasury rose to 4.43% from 4.39% late Friday.

Yields have been generally trending lower since the 10-year yield topped 4.70% in late April. Hopes are rising that inflation will slow enough to convince the Federal Reserve to cut its main interest rate later this year, down from the highest level in more than two decades. High rates are slowing the U.S. economy by making it more expensive to borrow for a house, car or anything else.

On Wall Street, Chewy rose 5.7% after a widely followed trader named Keith Gill revealed that he owns just over 9 million shares of the pet supply company. That’s about 6.6% of the entire company, according to a filing made Monday with the Securities and Exchange Commission.

Gill came to fame during the original meme-stock craze of 2020 that saw GameStop rally to market-bending heights. Through it all, Gill became the face of fans pushing GameStop ever upward. Gill had returned to talking about GameStop again recently, which helped its stock rally. But it fell 6.4% Monday following his disclosure about Chewy.

Elsewhere on Wall Street, Spirit AeroSystems rose 4.4% after Boeing said it would buy the maker of fuselages and other airplane parts for $4.7 billion in stock and assume about $3.6 billion of its debt.

Boeing, which rose 3.3%, has been facing tougher scrutiny from the government and the airlines who buy its planes over worries about safety and quality. Boeing previously owned Spirit, and the purchase reverses a longtime company strategy of outsourcing key work on its passenger planes.

Meta Platforms dipped 0.3% after European Union regulators accused it of breaching the bloc’s new digital competition rulebook by forcing Facebook and Instagram users to choose between seeing ads or paying to avoid them.

In stock markets abroad, Japan’s Nikkei 225 added 0.1% after a quarterly survey by the Bank of Japan, called the “tankan,” showed a modest improvement in confidence among the country’s largest manufacturers in April-June.

However the government downgraded its estimate for growth in the first quarter of the year, to a minus 2.9% annual rate from the earlier figure of minus 1.8%.

Stocks in Shanghai rose 0.9% following some mixed data on the world’s second-largest economy. A survey of factory purchasing managers, reported over the weekend, showed conditions remained in contraction for a second straight month.

But a similar private-sector survey of manufacturing activity released Monday showed an improvement in business conditions.

AP Writers Matt Ott and Zimo Zhong contributed.

FILE - A man walking on Wall Street approaches the New York Stock Exchange, right, on June 26, 2024, in New York. Shares advanced in Europe on July 1, 2024, with the benchmark in Paris up 2.8% briefly after the far-right National Rally gained a strong lead in first-round legislative elections. (AP Photo/Peter Morgan, File)

FILE - A man walking on Wall Street approaches the New York Stock Exchange, right, on June 26, 2024, in New York. Shares advanced in Europe on July 1, 2024, with the benchmark in Paris up 2.8% briefly after the far-right National Rally gained a strong lead in first-round legislative elections. (AP Photo/Peter Morgan, File)

File - People pass the New York Stock Exchange on May 28, 2024, in New York. Global shares have advanced on Friday, June 28, 2024, as traders look ahead to a key report on inflation that could influence the Federal Reserve's next move on interest rates. (AP Photo/Peter Morgan, File)

File - People pass the New York Stock Exchange on May 28, 2024, in New York. Global shares have advanced on Friday, June 28, 2024, as traders look ahead to a key report on inflation that could influence the Federal Reserve's next move on interest rates. (AP Photo/Peter Morgan, File)

Currency traders watch their computer monitors near the screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Monday, July 1, 2024. (AP Photo/Lee Jin-man)

Currency traders watch their computer monitors near the screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Monday, July 1, 2024. (AP Photo/Lee Jin-man)

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI), at a foreign exchange dealing room in Seoul, South Korea, Monday, July 1, 2024. (AP Photo/Lee Jin-man)

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI), at a foreign exchange dealing room in Seoul, South Korea, Monday, July 1, 2024. (AP Photo/Lee Jin-man)

Currency traders walk by the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Monday, July 1, 2024. (AP Photo/Lee Jin-man)

Currency traders walk by the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Monday, July 1, 2024. (AP Photo/Lee Jin-man)

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