Daily Report 23.09.2020
Објавено: 23. 09. 2020

S&P 500 snaps 4-day losing streak, Nasdaq jumps led by Amazon; European markets close higher despite coronavirus concerns; BELELX15 up 0.57%; Serbian exports in August amounted to 2.4 billion euro 
Stocks rose on Tuesday, recovering from the previous session’s steep sell-off, as Amazon led shares of Big Tech higher. The S&P 500 closed 1.1% higher at 3,315.57. The Nasdaq Composite climbed 1.7% to 10,963.64. The Dow Jones Industrial Average advanced 140.48 points, or 0.5%, to 27,288.18. 
Amazon shares rose 5.7% — their biggest one-day rally since July 20 — after a Bernstein analyst upgraded the e-commerce giant to buy from hold, noting the recent pullback offers an attractive “entry point” for investors. Facebook and Microsoft were both up more than 2% along with Alphabet shares. Netflix gained 0.8%. Traders also digested remarks by Federal Reserve Chairman Jerome Powell, who reiterated the central bank will support the economy “for as long as it takes.” 
Shares of Tesla dropped 5.6% after CEO Elon Musk said in a tweet that the electric carmaker’s “Battery Day” event would not reach “serious high-volume production” until 2022, which disappointed investors and analysts. 


European stocks closed higher Tuesday, attempting to bounce back from Monday’s losses on coronavirus concerns and bank allegations. The pan-European Stoxx 600 closed up by almost 0.5% provisionally, with oil and gas stocks jumping 1.7% to lead gains while the insurance sector dropped 1.2%. 


BELELX15 finally saw some material change. The index added 0.57% on Tuesday as Belgrade Airport was up almost 3%. The most active name was NIS, with RSD 1.18m in volume. 
The total value of the exports of the 15 largest exporters in Serbia in the period from January to August 2020, amounted to 2.4 billion euro. The Smederevo steel mill remains the largest Serbian exporter remains. Zijin Bor and Tigar follow, announced the Ministry of Finance. 
Source: CNBC, Ilirika