S&P 500 rises 1% to a record closing high to kick off December, building on historic rally; European markets close higher, following global trend; UniCredit down 8%; BELEX15 down 0.21%, Serbian GDP down 1.4% y/y in 3Q 2020 
U.S. stocks jumped on Tuesday with the S&P 500 hitting a new record, as the market’s historic rally extended to December. The Dow Jones Industrial Average climbed 185.28 points, or 0.6%, to 29,823.92. The 30-stock gauge jumped more than 400 points at its session high to a new intraday record. The S&P 500 rose 1.1%, or 40.82 points, to 3,662.45, marking a fresh record closing high. The tech-heavy Nasdaq Composite gained 1.3%, or 156.37 points, to 12,355.11, also notching a record close. 
Sentiment got a lift after a group of lawmakers unveiled a $908 billion stimulus plan, which includes more than $200 billion in Paycheck Protection Program small business loans. 
In corporate news, Tesla’s shares popped 3% after S&P Dow Jones Indices said on Monday night the electric-car maker will be added to the S&P 500 on Dec. 21 in a single step despite its large size. The index provider had considered adding the $500 billion stock in multiple phases. 
Shares of Zoom Video fell 15.1% despite the video-conferencing giant reporting better-than-expected earnings for the third quarter. 

European stocks closed higher on Tuesday, starting off the last month of the year on a positive note. The pan-European Stoxx 600 closed up by 0.8% provisionally, with basic resources adding 3.6% to lead gains as almost all sectors and major bourses advanced. Health care stocks edged 0.2% lower. 
Italian lender UniCredit fell 8% following the announcement that CEO Jean Pierre Mustier will step down in April. 

BELEX15 was down 0.21% as Belgrade AIport was down over 2%. The most active name was NIS, with RSD 1.1m in volume. 
According to SORS data for October, industrial production rose 1.9% relative to October 2019, recording y-o-y growth for the fifth month in a row, led by the higher production in mining (+0.6% y-o-y) and energy (+18.9% y-o-y). At the same time, manufacturing slid down marginally (-0.9% y-o-y), with growth registered in 10 out of 24 of its sectors. GDP drop in Q3 2020 amounted to 1.4% y-o-y. At the same time, GDP outturns for the first two quarters were revised up to +5.2% y-o-y and -6.3% y-o-y, respectively. 
Source: CNBC, Ilirika