Dow jumps more than 400 points to start November as U.S. election looms; European markets close higher on upbeat manufacturing data; Ocado up 8%; BELEX15 up 0.09%
Stocks rose on Monday, the first trading day of the month, as markets recovered some of the sharp losses from last week and braced for the U.S. presidential election. The Dow Jones Industrial Average closed 423.45 points higher, or 0.6%, at 26,925.05. The S&P 500 gained 1.2% to end the day at 3,310.24. The Nasdaq Composite rose 0.4% to 10,957.61.
Investors betting on a potential Biden victory increased positions in solar stocks. The Invesco Solar ETF (TAN) rose 3.2%.
European stocks closed higher on Monday as promising manufacturing data out of the euro zone and China boosted sentiment. The pan-European Stoxx 600 closed up by 1.6% provisionally. Oil and gas stocks jumped 3.6% to lead gains as all sectors — with the exception of travel and leisure — and major bourses entered positive territory.
Ocado climbed 8% after announcing the acquisition of two U.S. robotics start-ups.
BELEX15 was in a symbolic rise as it gained 0.09%. Prime segment was almost fully inactive, while Fitofarmacija, plant protection applications manufacturer, was the most active with RSD 4.1m in volume and 2% jump in a stock price.
Source: CNBC, Ilirika