S&P 500 falls for a third straight day to close out losing week as stimulus uncertainty remains; European markets close lower as Brexit and U.S. stimulus doubts weigh; BELEX15 up 1.48%
The S&P 500 fell on Friday, wrapping up a losing week, as the outlook for additional fiscal stimulus remained uncertain. The broader market index pulled back by 0.1% to close at 3,683.46, and the Nasdaq Composite dipped 0.2% to 12,377.87. The Dow Jones Industrial Average eked out a gain of 47.11 points, or 0.2%, to 30,046.37 as shares of Disney rallied.
Share of companies hardest hit by the pandemic recession fell on Friday. Carnival dropped 4.5%, United Airlines slipped 2.6%, and Gap lost 3.6%. Hyatt Hotels traded lower by about 1.4%.
Tesla shares, meanwhile, fell 2.7% after a surprise downgrade by Jefferies. Bucking the negative trend was Disney. On Thursday, the company said its Disney+ service has 86.8 million subscribers and expects have between 230 million to 260 million subscribers by 2024. The stock rose 13.6% on Friday.

European markets closed lower Friday as investors monitored stalling U.S. fiscal stimulus talks and the rapidly approaching deadline for Brexit negotiations.
The pan-European Stoxx 600 provisionally closed down 0.7%, with telecoms shedding 2.9% to lead losses as almost all sectors and major bourses slid into negative territory.
In terms of individual share price action, Hellofresh shares climbed over 6% after the meal kit delivery company set new mid-term targets, leading Kepler Chevreux to upgrade the stock from “hold” to “buy” and raise its target price.
Meanwhile, Swedish telecommunications giant Ericsson slipped 4% after filing a lawsuit in the U.S. against Samsung in a dispute over royalty payments and patent licenses, according to Reuters.

BELEX15 added 1.48%, which is a solid gain, given the daily changes we have seen over the last few weeks. The gain was led by Energoprojekt as it jumped 15.2%. We also saw 4.8% at Komercijana and 29% gain at Jubmes Banka, which resulted in a 2.5% daily gain for broad BELEXline. The most active name was NIS, with 0.4m in volume, if excluding probably temporary high activity at less known names such VDPU.
Source: CNBC, Ilirika