Dow jumps more than 500 points to start the week as Boeing and Apple rise; European markets close higher despite surge in U.S. coronavirus cases; BELEX15 up 0.73%; Average net salaries and wages in Serbia in April at EUR 503
Stocks rose sharply to start the week Monday as Wall Street cheered news on Boeing and traders shrugged off the latest surge in coronavirus cases. The Dow Jones Industrial Average closed 580.25 points higher, or 2.3%, at 25,595.80. It was the Dow’s best day since June 5, when it soared more than 3%. The S&P 500 jumped 1.5% to 3,053.24 while the Nasdaq Composite gained 1.2% to end the day at 9,874.15.
Shares of Dow-member Boeing rose 14.4% as certification flights for the Boeing 737 Max began Monday. The test is seen by investors as a critical step in Boeing’s worst-ever corporate crisis, which began in March 2019 after two crashes in five months killed 346 people.
Apple was also among the biggest contributors of gains on the Dow, climbing 2.3%. Facebook, meanwhile, closed 2.1% higher to recover from an earlier decline. The social media giant was first under pressure after more companies said they will pause advertising on its platforms. Since Friday, Starbucks, Coca-Cola and Guinness-parent Diageo all announced they will halt advertising on social media.

European stocks closed higher Monday, despite a rising coronavirus death toll and surging cases in the U.S. The pan-European Stoxx 600 provisionally closed up 0.6%, with most sectors and major bourses in positive territory. Bank stocks were the top performers, climbing more than 2%.
On the data front, euro zone economic sentiment improved in June, according to data published Monday by the European Commission. Economic sentiment in the bloc rose to 75.7 from May’s 67.5. Employment expectations in both goods and services also increased.
Wirecard shares rallied 154% as the German payments company vowed to continue business activities after filing for insolvency. This represented only a small real share price increase to 3.57 euros per share ($4.03), following the stock’s recent plunge, on the back of the $2.1 billion discovered to be missing from its balance sheet.

Serbian BELEX15 was up 0.73% as Belgrade Airport advanced 2.5%, while NIS added 0.71%. Komercijana Banka was up 0.69%, while it was also top active name with RSD 10m in volume. This was the first daily gain for BELEX15 after four trading days in a row in red zone. Mo major corporate news we saw.
From broad economy, average net salaries and wages in Serbia in April 2020 amounted to RSD 58,932 (EUR 503) and are higher by 7.8% in nominal terms and by 7.2% in real terms compared with the same month last year, the Statistical Office of the Republic of Serbia announced.
Source: CNBC, Ilirika