Dow jumps more than 100 points as Wall Street builds on Monday’s comeback, Apple rises; European stocks close higher as investors focus on central bank meetings, data; BELEX15 still flat
Stocks jumped on Tuesday, building on the strong performance from the previous session, on the back of broad market gains and solid economic data. The Dow Jones Industrial Average traded 129 points higher, or 0.5%. The S&P 500 gained 0.9% and the Nasdaq Composite advanced 1.6%.
Apple and Microsoft rose 1.7% and 1.8%, respectively. Amazon rose 1.7% and Alphabet climbed 2.1%. Netflix gained 4.4% and Facebook traded higher by 2.8%. Tesla shares, meanwhile, popped 6.8% after surging more than 12% on Monday. Those sharp moves higher come after a sharp sell-off in Big Tech last week, which pressured the broader market.
European stocks closed higher Tuesday as investors shifted their focus to upcoming central bank meetings by the U.S. Federal Reserve, Bank of Japan and Bank of England. The pan-European Stoxx 600 added 0.77% by the closing bell, led by a 2.37% rise for retail stocks while banks were the only sector to finish in the red, falling 0.93%.
H&M rallied more than 10.79% after beating third-quarter profit expectations, while online supermarket Ocado climbed 10.74% after reporting a surge in sales. Fiat Chrysler also added 9% after a revision of its planned merger with Peugeot maker PSA.
BELEX15 is still flat. Daily change was 0% as no price movements were seen at major names. The most active name was Komercijana Banka, with RSD 5.2m in volume, while NIS generated RSD 1m. Both names were flat.
Source: CNBC, Ilirika