S&P 500 ends wild day up slightly, bringing May gains to more than 4%; European markets fall but still close out the month over 3% higher; BELEX15 up 0.67%, Jedinstvo reports 27% higher consolidated sales; Industrial output in April down 16%
The S&P 500 rose slightly on Friday, erasing losses earlier in the session, as traders breathed a sigh of relief after President Donald Trump signaled no changes to the trade deal with China despite rising tensions.
The U.S. equity benchmark finished the session up 0.4%, or 14.58 points, at 3,044.31. The Dow Jones Industrial Average fell 17.53 points, or less than 0.1%, to 25,383.11 as American Express and JPMorgan weighed. The 30-stock index ended the day well off the lows as it was down as much as 368 points at one point. The Nasdaq Composite jumped 1.2%, or 120.88 points, to 9,489.87 as chip stocks rallied.

European markets fell Friday as escalating tensions between the U.S. and China pushed back on the week’s positive sentiment amid the reopening of economies across the continent.
The pan-European Stoxx 600 provisionally closed down by 1.6%, but the index was still up over 3% since the start of May, on pace to register its second straight positive month following April’s more than 6% gain.
Rolls-Royce shares continued to tumble on Friday, dropping nearly 14% after S&P downgraded the airplane engine manufacturer’s credit rating to “junk.”
At the top of the European benchmark, German pharmaceutical equipment provider Sartorius climbed almost 7%.

Serbian BELEX15 was up 0.67% as Belgrade Airport advanced over 3%, while NIS gained 1%. Jedinstvo was down 7.6%, which partially disabled more material advance for BELEX15. As it was announced, the company reported consolidated figures for 2019, where we see 27% higher sales, much lower operating profit, while net profit was up 58% as it got a boost from other result. It however, remains low in absolute terms as usual.
From the macro side, we had numbers from SORS, which showed effects of economy shut down during covid crisis – industrial output in April was down 16%, while retail trade turnover decreased 18% y/y.
Source: CNBC, Ilirika