S&P 500 rises more than 1% to a record close to cap off strong week as big value rotation continues; Europe markets close mostly higher on Covid vaccine optimism; Delivery Hero sinks 6%; BELELX15 still flat 
U.S. stocks rose on Friday as investors bet again on stocks that would benefit from a potentially effective vaccine and economic recovery next year. The S&P 500 advanced 1.4% to 3,585.15, and posted a record closing high. The Dow Jones Industrial Average jumped 399.64 points, or 1.4%, to close at 29,479.81. The Nasdaq Composite advanced 1% to 11,829.29. The Russell 2000, which tracks small-cap stocks, jumped more than 2% to an intraday record, and posted its first all-time closing high since August 2018. 
Federal Reserve Chairman Jerome Powell also said Thursday the country’s economic outlook remained uncertain. “With the virus spreading, the next few months could be challenging,” he said. 

European stocks closed slightly higher Friday as investors struck a positive tone on the prospect of an effective coronavirus vaccine. The pan-European Stoxx 600 closed fairly flat after initial losses, with sectors and major bourses mostly finishing in positive territory. For the week, the index closed up by around 3.5%. 
Looking at individual stock names, Delivery Hero sank 6% to the bottom of the Stoxx 600 after revealing South Korea’s antitrust watchdog recommended a sale of its Yogiyo subsidiary to secure approval for its planned $4 billion takeover of food delivery app owner Woowa Brothers. The German food delivery giant said it would not accept the recommendation. 

BELEX15 remained flat, while the most active was NIS, with RSD 1.6m in volume. As it was announced we had several 9M reports – Metalac, Jedinstvo ,Energoprojekt and Belgrade Airport and Komercijana. The most relevant, even though not fully, were these from Metalac, Jedinstvo and Energoprojekt. Metalac saw only light drop in total sales, thus this 2020 season may not be so bad for the company, implying the dividend should not be under question. Jedinstvo delivered slightly better non-consolidated sales and 20% higher net profit, but volatility and low base are usual for this period. Finally if considering Energoprojekt’s report we may only see the company is not even close to achieve planned value of newly contracted jobs for 2020, which a bad factor for sure. 
Source: CNBC, Ilirika