Dow drops 350 points as tech shares slide, S&P 500 snaps 4-day win streak; European stocks close mixed as investors monitor U.S.-China tensions and earnings; BELEX15 down 1.3%; New economy stimulus measures – 60% minimum wage for July and August, tax and contribution payment postponed by another month 
Stocks fell in volatile trading on Thursday as Microsoft and Apple led the broader market lower and traders pored through disappointing unemployment data. The Dow Jones Industrial Average dropped 353.51 points, or 1.3%, to 26,652.33. The S&P 500 slid 1.2%, or 40.36 points, to 3,235.66, snapping a four-day winning streak. The Nasdaq Composite fell 2.2%, or 244.71 points, to 10,461.42 as the sell-off in major technology companies deepened.  
Microsoft shares slipped 4.3% despite reporting better-than-expected earnings for the previous quarter. Though the company’s results were largely positive, Microsoft said its transactional license purchasing continued to slow and that subsidiary LinkedIn was negatively impacted by the weak job market. 
U.S. weekly jobless claims came in at 1.416 million for last week, marking the 18th straight week in which initial claims totaled more than 1 million. Economists expected another 1.3 million workers to have filed initial claims for state unemployment benefits, according to Dow Jones. 

European stocks closed mixed Thursday as investors reacted to rising U.S.-China tensions and a slew of corporate earnings. The pan-European Stoxx 600 closed marginally higher, with sectors and major bourses pointing in opposite directions. 
Unilever reported a much smaller-than-expected 0.3% fall in quarterly sales Thursday, with analysts having forecast a 4.3% decline. The Anglo-Dutch consumer goods company’s shares jumped 8.5% in early trade. 
Daimler saw a second-quarter loss of 1.68 billion euros ($1.9 billion) but projected a rise in profit this year for its Mercedes-Benz cars and vans division as sales begin to rebound. 

BELEX15 was down additional 1.3%, as Komercijana lost 4.2%, while Energoprojekt also contributed with huge 11.1% decrease. The most active were solid fuel devices manufacturer, Alfa Plam and technical gases producer, Tehnogas, with RSD 3m and 2.1m, respectively. 
The state will pay 60% of the minimum wage to all entrepreneurs and employees of micro, small and medium enterprises for July and August, the payment of taxes and contributions will be postponed by another month and we will launch a new project, “My First Salary”, Serbian President Aleksandar Vucic said, announcing new measures aiming to suppress the economic crisis caused by the coronavirus pandemic. Vucic also said that he had talked to the governor of the National Bank of Serbia (NBS), Jorgovanka Tabakovic, about an additional moratorium on the credits, under certain conditions, for individuals and companies alike, for at least another two months. 
Source: CNBC, Ilirika