Daily Report 02.09.2020
Објавено: 02. 09. 2020

Dow rises 100 points to start September, Nasdaq up 1% as Apple leads tech higher; European markets close mixed; tech stocks rise on Apple report; BELEX15 down 0.25%; Industrial output in July rises only symbolic vs. a year ago 
Stocks rose on Tuesday, led by tech shares, as traders kicked off a historically tough month for the market on the right foot and built on Wall Street’s best August performance since the 1980s. The Dow Jones Industrial Average gained 127 points, or 0.5%. The S&P 500 climbed 0.5% and the Nasdaq Composite advanced 1.3%. Both the S&P 500 and Nasdaq hit all-time highs. Apple led the gains in tech, rising 4.1%. The stock got a boost as several Wall Street analysts hiked their price targets on the tech giant. That gain came a day after the stock rose more than 3% following a stock split that appears to be causing investors to snap up the shares. 
Walmart shares climbed more than 7% after the retailer announced it would launch its own membership program, Walmart+, later this month.  
Shares of Zoom Video jumped 39% after reporting another blowout quarter. The video conferencing company’s revenue more than quadrupled in the fiscal second quarter compared to a year ago. Tesla fell 3.6% after a regulatory filing revealed the company would sell up to $5 billion of its own stock. 
European markets closed mixed Tuesday afternoon as investors digested data out of the euro zone and China, and monitored developments from Apple. The pan-European Stoxx 600 index closed 0.38% lower, despite a positive open, with most sectors trading in the red. 
Looking at individual stocks, European chipmakers got a boost from a report that Apple plans to make 75 million 5G iPhones ahead of their launch later this year. Apple suppliers Dialog Semiconductor, Infineon, STMicro and ASML all rose more than 1%. The wider sector was up by 1.2% by the close. 


In Europe, inflation data for the euro zone came in well below expectations, raising speculation that the European Central Bank will have to act sooner rather than later. Annual headline inflation is expected to come in at -0.2% in August, down from 0.4% in July. Separate figures for the region also zone revealed that the unemployment rate rose once again, to 7.9% for the month of July. 


BELEX15 was down 0.25% as 5% jump at Jedinstvo was neutralized by 1.89% drop at Komercijana Banka. The most active name was Komercijana Banka, alongside with Belgrade Airport as they generated RSD 1.7 and RSD 1.3m in volume, respectively. 
Industrial production inched up by 0.4% relative to July 2019, recording y-o-y growth for the second month in a row, which is a very good result in conditions of the pandemic and a sharp global economic slowdown. The y-o-y industry growth in July was led by the higher production in mining (+1.7% y-o-y) and electricity, gas and steam supply (+6.3% y-o-y), while manufacturing was only slightly lower than in July a year earlier (-0.8% y-o-y). 
Source: CNBC, Ilirika