Dow rallies more than 300 points on Friday as tech shares bounce, cutting losses for the week; European stocks close lower after choppy session; down 3.7% on the week; BELEX15 up 0.24%; Fitch Ratings affirms Serbia a step away from investment grade, with stable outlook 
U.S. stocks rose on Friday, recovering some of their losses for the week, as tech shares clawed back some of their big September declines. The Dow Jones Industrial Average closed 358.52 points higher, or 1.3%, at 27,173.96. The S&P 500 climbed 1.6% to 3,298.46. The Nasdaq Composite popped 2.26% to 10,913.56. It was the best day for the major averages since Sept. 9. 
Shares of Amazon rose 2.5% and Facebook gained 2.1%. Apple advanced 3.8% and Microsoft climbed 2.3%. Netflix closed 2.1% higher. The S&P 500 tech sector jumped 2.4% and for its best day since Sept. 9, when it popped 3.4%. 

European stocks closed lower on Friday amid a choppy trading session as investors continued to monitor coronavirus developments and the prospects of economic recovery. The pan-European Stoxx 600 closed down by over 0.2% provisionally, having bounced either side of the flatline throughout the day. Autos shed 1.5% to lead losses while travel stocks swung to almost 3% gains from a 1.8% decline earlier in the session. 
In terms of individual share price action Friday, sports betting group GVC Holdings climbed 17% to top the Stoxx 600. French utility company Suez added 6% after rival Veolia’s CEO announced plans to raise its bid for a stake in the company. Sartorius Stedim Biotech gained over 5% after Berenberg initiated the stock at a “buy” rating. 

BELEX15 was up 0.24% as Komercijana added 1.92%, while bigger advance was limited due to 1% fall at NIS. NIS was the most traded name at the same time, with RSD 2.1m in volume – all others were not worth mentioning. 
Fitch Ratings has affirmed Serbia’s long-term foreign- and local-currency issuer default rating at BB+, with stable outlook, thanks to the country’s good economic indicators that were maintained even during the coronavirus pandemic. Such decision was made bearing in mind the increased resilience of the Serbian economy as a result of responsible economic policy pursuit in the past years and an adequate response to the crisis by economic policy-makers in Serbia. 
Source: CNBC, Ilirika