Dow gains more than 400 points after big tech rally, Amazon and Netflix hit records; European stocks close higher as banks lead rally; Stoxx 600 up 1.6%; BELEX15 down 0.8%, out of global trends; Jedinstvo approved RSD 600 net per share as a cash dividend
Stocks closed sharply higher on Monday, led by strong gains in the tech sector, as Wall Street built on the momentum from last week’s solid performance and shook off a continued rise in coronavirus cases.
The Dow Jones Industrial Average rose 459.67 points, or 1.8%, to 26,287.03. The S&P 500 popped 1.6% to end the day at 3,179.72. The Nasdaq Composite hit an all-time high, surging 2.2% to 10,433.65.

European markets closed higher Monday as investors focused on the prospect of economic recovery and progress on potential coronavirus drugs, shrugging off concerns about a further acceleration of the pandemic.
The pan-European Stoxx 600 provisionally closed almost 1.6% higher, with banks jumping 3.9% to lead gains as all sectors and major bourses entered positive territory.
Banking stocks led a broad cyclical rally, with Commerzbank and HSBC climbing around 7%. British housebuilders Barratt Developments, Vistry and Persimmon also jumped 8%, 7% and 6% respectively.

Serbian BELEX15 seems to be out of current global trends. The index is down 0.8% and it is virtually trendless, over the last three months. NIS was down 1.9%, while Jedinstvo lost 4.3%. The most active was Metalac with RSD 3.2m in volume. Major corporate event was probably report from AGM at Jedinstvo, where we can see the proposed RSD 600 net per share (decent 8.8% net yield) as cash dividend was approved. We saw no major macro events&news, apart form these that covid19 is spreading again, while number of newly infected ranges form 200-300 on a daily basis.
Source: CNBC, Ilirika