S&P 500 falls for the first time in six days, Nasdaq retreats from record high; European markets close lower as weak German data and U.S. virus surge shake sentiment; BELEX15 down 0.12%; Public Debt of Serbia at the End of May 57.2% of GDP – Increase by EUR 2.2 Billion in a Month
Stocks fell on Tuesday as a rally in mega-cap tech shares lost steam and concerns about the coronavirus outbreak dampened investor sentiment.
The S&P 500 slid 1.1% to 3,145.32 while the Nasdaq Composite, which hit a record high earlier in the day, closed 0.9% lower at 10,343.89. The Dow Jones Industrial Average dropped 396.85 points, or 1.5%, to 25,890.18.

European markets closed lower Tuesday as concerns over the threat to economic recovery of new coronavirus cases in the U.S. and weak German data put the brakes on Monday’s rally.
The pan-European Stoxx 600 closed down by around 0.6% provisionally, with tech shares shedding 1.2% to lead losses as most sectors and major bourses slid into negative territory.
German industrial production data came in weaker than expected on Tuesday morning, rising by 7.8% in May, a more modest rebound than the 10% expected by analysts polled by Reuters following a -17.5% contraction in April.
The European Commission on Tuesday cut its economic forecasts, and now expects the 27-member region to contract by 8.3% this year, followed by a rebound of 5.8% in 2021. In May, the Commission estimated a 7.4% contraction for total GDP across the region this year, with a rebound of 6.1% in 2021.
In terms of individual share price action, British software firm Micro Focus tumbled almost 20% after swinging to a first-half loss and offering a bleak outlook for the rest of the year.

BELEX15 was down light 0.12% as 1% loss at NIS was annualized by 0.87% gain at Belgrade Airport. NIS was also top traded stock with RSD 2m in volume, while other names were far less active. We saw no major corporate news.
The Ministry of Finance has announced that the public debt of Serbia amounted to EUR 26.79 billion at the end of May, which is 57.2% of the country's GDP. At the end of April, the public debt amounted to EUR 24.55 billion, that is, 52.4% of the GDP, which means that, in May, it nominally grew by around EUR 2.2 billion, whereas its share in the GDP increased by 4.8%.
Reintroduction of lockdown measures were announced yesterday evening as overall situation with virus in Serbia seems serious.
Source: CNBC, Ilirika