Daily Report 22.10.2020
Објавено: 22. 10. 2020

Stocks close slightly lower as coronavirus stimulus talks continue; European stocks close lower as U.S. stimulus talks continue; BELEX15 remains flat 
Stocks fell slightly on Wednesday as House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued their negotiations on a new fiscal stimulus package. The Dow Jones Industrial Average slipped 97.97 points, or 0.4%, to 28,210.82. Earlier in the day, the 30-stock average traded more than 100 points higher. The S&P 500 dipped 0.2% to 3,435.56 and the Nasdaq Composite slid 0.3% to close at 11,484.69. 
Netflix shares fell nearly 7% after the company reported disappointing earnings and reported fewer-than-expected subscriber additions. 


European stocks closed lower on Wednesday as investors monitored the latest developments in U.S. coronavirus stimulus talks. The pan-European Stoxx 600 provisionally closed down by around 1.3%, with travel and leisure stocks shedding 2.5% to lead losses as almost all sectors and major bourses fell into negative territory. 
Swedish telecoms giant Ericsson saw its shares jump almost 10% after a better-than-expected third-quarter earnings report, while Dutch resourcing firm Randstad added over 6% after strong results. 
Nestle beat third-quarter expectations and raised its 2020 organic sales growth target to 3%, but the consumer titan’s shares edged slightly lower by the close. 


BELELX15 remained flat as there were no material activates at major names. The most tared stock was Belgrade Airport, even with only RSD 0.4m in volume. The stock was down light 0.1%. There were no other major corporate or macro events. 
Source: CNBC, Ilirika