Wall Street rally extends into the close, Dow up 550 points; The pan-European Stoxx 600 closed 1.8% higher provisionally, with basic resources stocks adding 3.5% to lead gains as all sectors and major bourses held in positive territory; BELEX15 down 1.1%; NIS to report 1Q20 numbers on Monday
Stocks rose for the first time in three days on Wednesday as crude prices stabilized after a record plunge while better-than-expected earnings also lifted market sentiment. The Dow Jones Industrial Average jumped 567 points, or 2.5%. The S&P 500 climbed 2.7% while the Nasdaq Composite advanced 3.1%. The major averages reached their session highs in the final minutes of trading.
A slew of companies rose on the back of solid quarterly reports, giving the broader market a boost. Chipotle Mexican Grill posted a better-than-expected profit, sending its stock up more than 10%. Snap gained 31.6% after releasing its latest quarterly results. Texas Instruments climbed over 3% after the chipmaker released its earnings for the previous quarter.

European shares closed higher Wednesday as oil markets bounced back from a steep sell-off. The pan-European Stoxx 600 closed 1.8% higher provisionally, with basic resources stocks adding 3.5% to lead gains as all sectors and major bourses held in positive territory.
Corporate earnings have begun to take center stage in driving individual share price action. AkzoNobel climbed 8% after reporting a better-than-expected jump in first-quarter core profit. Finnish telecoms provider Elisa rose by 6% after confirming its 2020 outlook, despite the uncertainty arising from the coronavirus pandemic.

Serbian BELEX15 ended Wednesday with 1.1% loss as NIS remained under sell pressure. Overall trade volume was at EUR 0.4m but over 90% of this was generated at bonds, while the most active name, in case of equities, was exactly NIS, which lost 2.4%. The company said it will report 1Q20 numbers on Monday, 27th April.
Source: CNBC, Ilirika