Stocks close flat as Netflix shares drop, S&P 500 rises for the week; European stocks close mixed as EU leaders meet for stimulus talks; autos up 1.5%; Ericsson soars 11%; BELEX15 up 0.29%; 
Stocks closed Friday mostly along the flatline as traders concluded a volatile week while a steep decline in Netflix kept other big tech shares in check. The Dow Jones Industrial Average dipped 62.76 points, or 0.2%, to close at 26,671.95. The S&P 500 gained 0.3% to end the day at 3,224.73. The Nasdaq Composite advanced 0.3% to 10,503.19. The Dow and S&P 500 posted weekly gains while the Nasdaq closed lower over that time period.
Netflix reported second-quarter earnings that missed analyst expectations, pushing the stock down 6.5%. The company’s weak guidance for third-quarter subscriber growth — a key metric for the streaming giant — also contributed to the steep sell-off in the stock.

European stocks closed mixed Friday as European Union leaders discussed a deal on the bloc’s key coronavirus recovery package, while U.S. cases continued to soar. After a cautiously optimistic open, the pan-European Stoxx 600 was hovering just above the flatline at the close. Autos jumped 1.5% while banks fell 1%.
Earnings season continues to gather steam, with Daimler revealing ahead of its July 23 earnings report that it will post a smaller-than-expected operating loss of 1.68 billion euros for the second quarter.
Rio Tinto on Friday reported a 1.5% rise in iron ore shipments, citing improving demand from China as the world’s second-largest economy emerges from the coronavirus pandemic. The British metals and mining giant’s stock edged 2.3% higher.
Ericsson also beat profit estimates on the back of stronger margins on telecoms equipment sales, leading the Swedish company to reaffirm its 2020 and 2022 financial guidance and sending the stock 11% higher.

Serbian BELEX15 ended Friday with 0.29% gain as NIS and Belgrade Airport advanced 0.3% and 0.7% respectively. The most active name was Tehnogas with RSD 2.8m in volume traded. 
The Council of the European Union has officially published a new list of countries for which the lifting of restrictions for travel in the EU is recommended from July 16. The list features 13 countries from the previous list, whereas Serbia and Montenegro are the only countries to be removed from the list. Brussels says that the list will be updated in two weeks.
Source: CNBC, Ilirika