Stocks close higher after Pelosi points to progress on coronavirus stimulus talks, banks lead gain; European markets close lower with U.S. stimulus, consumer data and earnings in focus; BELEX15 up 0.35%; NIS completes construction of deep processing project in Pancevo, worth over EUR 300 Million 
Stocks rose on Thursday as traders weighed House Speaker Nancy Pelosi’s latest remarks on the U.S. fiscal stimulus negotiations. The Dow Jones Industrial Average closed 152.84 points higher, or 0.5%, at 28,363.66. Earlier in the day, the Dow fell as much as 170 points. The S&P 500 gained 0.5% to close at 3,453.49 and the Nasdaq Composite climbed 0.2% to 11,506.01. 
Elon Musk’s Tesla reported its fifth straight quarter of profits, posting per-share earnings of 76 cents versus the consensus estimate of 57 cents expected by analysts polled by Refinitiv. The company had already reported that it delivered 139,300 vehicles during the quarter, a new record for Tesla. 
CEO Musk noted on the company’s earnings call that Tesla plans to start delivering cars from new factories in Brandenburg, Germany and Austin, Texas in 2021 but that output could be slow at first. The stock was up 0.8%. 
Coca-Cola rose more than 1% after the company reported a stronger-than-forecast profit for the previous quarter. CSX and AT&T also traded higher on the back of better-than-expected earnings. 

European stocks closed slightly lower on Thursday as investors digested uncertainty over U.S. coronavirus stimulus, new consumer data and a raft of corporate earnings. 
German automotive battery manufacturer Varta fell almost 8% after announcing that it had extended its contract with CEO Herbert Schein until 2026. 

Serbian BELEX15 was up 0.35%, as Komercijana Banka advanced 1.6%. At the same time this was the most active name, with RSD 0.4m in volume. 
Naftna Industrija Srbije (NIS) has announced that, with the completion of the Duboka Prerada (Deep Processing) project, worth over EUR 300 million, the Pancevo Refinery has become one of the most modern and “greenest” refineries in the region. According to the official NIS website, Duboka Prerada is the second phase of the modernization of the Pancevo Oil Refinery, and its completion marks a new step. NIS has announced that the completion of this project does not mean the end of the modernization of the oil processing complex in Pancevo and added that the leading shareholder in Nis, the Russian company Gazprom Neft, and the Republic of Serbia will continue investing in the Refinery, strengthening its competitiveness. 
Source: CNBC, Ilirika