Dow rallies 500 points as Wall Street cheers on the economy reopening, JPMorgan jumps; European markets close higher on coronavirus vaccine hopes; Tui skyrockets 52%; BELEX15 ends flat; NIS proposed RSD 27 per share as a cash dividend
Stocks surged on Tuesday, adding to their strong gains from last week, as optimism grew about the reopening of the economy and a potential coronavirus vaccine. The Dow Jones Industrial Average gained 529.95 points, or 2.2%, to close at 24,995.11. The 30-stock average briefly traded above 25,000 for the first time since early March before closing just below the mark. 
The S&P 500 rallied 1.2% to 2,991.77 . The index traded above 3,000 for most of the session, but fell back below that level in the final minutes of trading. The Nasdaq Composite lagged, rising just 0.2% to 9,340.22.
Data out Tuesday also reinforced the belief that the economy has hit its bottom amid the pandemic. A measure of consumer confidence jumped to 86.6 this month from 85.7 in April, according to the Conference Board. Economists polled by Dow Jones expected consumer confidence of 82.3 in May. 
Meanwhile, new home sales in April also topped estimates. Sales of new U.S. single-family homes increased by 623,000 last month, beating estimates of 490,000, according to Dow Jones.

European stocks closed higher on Tuesday amid growing optimism about economies reopening and a potential coronavirus vaccine.
The pan-European Stoxx 600 closed up by 1% provisionally, with travel and leisure stocks surging 6.8% to lead gains. Most sectors and major bourses were in positive territory.
Anglo-German travel operator Tui led the sector’s move higher to skyrocket 52%, buoyed by reports that Spain and Germany will ease travel restrictions.
Dutch biopharmaceutical firm ArgenX climbed 30% after positive results from a clinical trial into a new treatment for a neuromuscular disease. British travel retailer SSP Group gained around 26%.

Serbian BELEX15 was almost with no change as it added only symbolic 0.04%, since all major names were also around flat line. The most traded name was NIS with RSD 6.7m in volume, while it also provided topic corporate news. The company announced RSD 27 gross cash dividend from 2019 net profit. This bears 4.5% gross yield, while AGM was scheduled for 30th June, when the proposal is to be approved.
Source: CNBC, Ilirika