Dow jumps more than 300 points to snap a 3-day losing streak, banks rise; European shares close 2% lower as coronavirus recovery hopes dwindle; BELEX15 down solid 2.43%; Energoprojekt reported higher consolidated sales and lower net profit for 2019
Stocks rose on Thursday as gains in bank shares and the oil market offset another dismal round of U.S. unemployment data. The Dow Jones Industrial Average closed 377.37 points higher, or 1.6%, at 23,625.34 after falling more than 450 points earlier in the day. The Dow also snapped a three-day losing streak. The S&P 500 climbed 1.15% to 2,852.50. The Nasdaq Composite closer 0.9% higher at 8,943.72. Both the S&P 500 and Nasdaq were down over 1% to start off the session.

European stocks fell sharply on Thursday with investors digesting an economic warning from the U.S. Federal Reserve’s Chairman Jerome Powell, and hopes of an imminent end to the crisis fading.
The pan-European Stoxx 600 dropped 2.1% by the close, with autos plunging 2.9% to lead losses as all sectors and major bourses finished in negative territory.

BELEX15 ended with a solid 2.4% loss as Komercijana Banka was down by even 7%. This was also the most traded name, with RSD 4.7m in volume. Energoprojekt reported slightly lower net profit (10.3% fall) and 14% higher sales as volume of executed jobs was higher. The stock was up 1.1%.
Source: CNBC, Ilirika