Stocks close little changed, but Dow posts biggest weekly gain since April; European markets close mixed as U.S.-China tensions dent sentiment; BELEX15 down 0.67%; Serbian Association of Employers expects larger GDP drop then 2%
Stocks closed little changed on Friday as investors capped a strong week of gains amid optimism around a potential coronavirus vaccine and the U.S. reopening its economy. The S&P 500 rose 0.2% to 2,955.45 while the Dow Jones Industrial Average slipped 8.96 points, or less than 0.1%, to 24,465.16. The Nasdaq Composite outperformed, rising 0.4% to 9,324.59.

European stocks closed mixed on Friday as ties between the U.S. and China came under further strain, potentially threatening the “Phase One” trade deal signed earlier this year.
The pan-European Stoxx 600 provisionally closed a touch above the flatline Friday, with food and beverages falling 0.6% to lead losses while travel and leisure stocks jumped 0.8%.
Concerns over the new Hong Kong security laws hit shares of banks and financial services companies with a significant Asian presence on Friday. HSBC saw its stock fall almost 5%, while Standard Chartered fell 2% and Prudential slid almost 9% to the bottom of the Stoxx 600.

Serbian blue-chip index BELEX15 lost 0.67% Friday, as Belgrade Airport lost 2.4%, while NIS was also under sell pressure with 0.85% daily loss. This oil&gas company was also the most active in terms of trading activity, with RSD 9.1m in volume.
The honorary president of the Serbian Association of Employers, Nebojsa Atanackovic, said that the projection that the GDP in Serbia would drop by 1-2% was too optimistic. Since Western European countries are projecting a drop of 8% or 9%, I don't believe that the drop in Serbia will not be bigger than 2% – Atanackovic told Beta. Representatives of the Government of Serbia have estimated that the GDP will not drop by more than 2%, and the president, Aleksandar Vucic, believes that there will be no drop. A growth rate of 4% is projected for this year.
Source: CNBC, Ilirika