Dow drops 240 points Friday as stocks fall for a third straight week; European markets close lower amid coronavirus spike; Travel and leisure stocks fall 3.4%; BELEX15 down 0.1%; Serbia and IMF to discuss 2021 state budget Oct 5-16 
Stocks fell on Friday to end a volatile week as investors continued to dump shares of high-flying tech companies. The Dow Jones Industrial Average slid 244.56 points, or 0.9%, to 27,657.42. The S&P 500 dropped 1.1% to 3,319.47. The Nasdaq Composite also fell 1.1% and closed at 10,793.28. The S&P 500 hit its lowest level of the month on Friday after reaching an all-time high on Sept. 2. 
Shares of Apple dropped more than 3% on Friday. Microsoft and Alphabet pulled back by 1.2% and 2.4%, respectively. Netflix dipped 0.1%. Facebook fell 0.9%. 
Tensions between China and the U.S. also dampened market sentiment after the U.S. government said it will block all TikTok and WeChat downloads in the country on Sunday. Oracle, which is trying to take a minority stake in TikTok-parent ByteDance, fell 0.7%. 

European stocks closed lower on Friday as investors monitored a rise in coronavirus cases across the continent and the prospects of economic recovery. The pan-European Stoxx 600 provisionally ended 0.5% lower, with most sectors and major bourses in negative territory. Travel and leisure stocks dropped more than 3.4% to lead losses, while healthcare stocks rose 0.5%. 
In terms of individual share price action, German raw materials company Covestro climbed 7% after denying reports that it is subject to a takeover bid from private equity firm Apollo. 

Serbian BELEX15 was down 0.1% as NIS and Belgrade Airport were down 0.34% and 0.22%, respectively. The most active was NIS with RSD 0.76m in volume. 
An International Monetary Fund (IMF) mission will hold a virtual visit to Serbia during October 5-16 to discuss the preparation of the 20121 state budget, finance minister Sinisa Mali said on Friday. "We will have virtual meetings with the IMF to discuss the budget for 2021 and the coronavirus-related measures adopted by the government so far," Mali said in a video file posted on the YouTube channel of private broadcaster TV Prva.  
Source: CNBC, Ilirika