Stocks continue their rebound from coronavirus plunge, Dow jumps 3%; European markets extend gains after choppy session to close over 1% higher; BELEX15 down 0.23%; Serbia to spend EUR 5bn to help businesses &citizens
Stocks rose on Monday, building on a strong rally from last week as the U.S. extended measures to contain the coronavirus outbreak. The Dow Jones Industrial Average was up 627 points, or 2.9%. The S&P 500 climbed 3.2% while the Nasdaq Composite traded 3.4% higher. Tech stocks such as Microsoft, Alphabet and Amazon led the way higher for Wall Street. Microsoft jumped 7% while Alphabet and Amazon climbed 2.9% and 2.8%, respectively.
Sentiment was also lifted after Johnson & Johnson said it identified a lead vaccine candidate for the coronavirus. The company noted that human testing on the potential vaccine will begin in September. J&J shares climbed 7.6%.

European markets flipped higher and extended gains on Monday afternoon, as the coronavirus pandemic remained in focus for investors. The pan-European Stoxx 600 ended the day up 1.1%, paring earlier losses.
On the data front, euro zone business confidence saw its sharpest monthly decline on record during March, according to official figures from the European Commission published Monday. The EU’s Economic Sentiment Indicator fell from 103.4 in February to 94.5, the steepest decline since the index began in 1985.

Domestic BELEX15 was down 0.23%, as NIS lost 2.4%, on RSD 2.4m in volume. Komercijana was the most traded with RSD 4.7m in turnover. The bank added 0.97%. No specific corporate news we saw.
Serbia plans to offer about 5 billion euros ($5.54 billion) in loans and subsidies to businesses to help them cope with the economic impact of the coronavirus, President Aleksandra Vucic said. The state will also make a one-off payment of 100 euros to every Serbian citizen older than 18, or around 5 million people, the entire electorate, Vucic said.
Source: CNBC, Ilirika