Dow drops more than 300 points to close out another wild week on Wall Street; European markets close lower as euro zone business activity plunges to record low; BELEX15 ends Friday flat; New package for countries outside the EU, worth several billion euros, is expected to be approved
Stocks fell on Friday to end another volatile week of trading, pressured by a spike in coronavirus-related deaths in New York while investors digested a dismal U.S. jobs report. The Dow Jones Industrial Average slid 360.91 points, or 1.7%, to 21,052.53. The S&P 500 dropped 1.5% to 2,488.65. The Nasdaq Composite also pulled back 1.5% to close at 7,373.08.

U.S. payrolls fell by 701,000 in March, marking the worst jobs report since 2009, while the unemployment rate jumped to 4.4%.
European markets closed lower on Friday, bringing an end to another rocky week of trading amid the deepening coronavirus crisis. The pan-European Stoxx 600 ended down almost 1%, with oil and gas stocks sliding 4.6% to lead losses, while healthcare stocks bucked the trend to climb 0.8%. The Italian, Spanish and French service sectors all recorded their deepest recession on record in March, while German services firms laid off employees at the fastest rate in almost 23 years.

When speaking about BELEX, Friday was pretty boring session, while both BELEX15 and BELEXline were basically flat, with no important changes. Komercijana Banka was the most trade with RSD 5m, while it lost only symbolic 0.31%. It was followed by Jubmes Banka and NIS, as they generated RSD 4.2 and 1.8m in volume.
A new package for countries outside the EU, worth several billion euros, is expected to be approved next week, and it will aim to help the public sector, the banking sector and small and medium enterprises, said Dubravka Negre, Head of EIB Regional Representation for the Western Balkans. When it comes to the Serbian market, she said that there was EUR 75 million of unspent funds, which would be allocated in cooperation with commercial banks and used primarily for working assets and liquidity.
Source: CNBC, Ilirika