Stocks suddenly drop after Trump calls off stimulus talks, Dow down 200 points; European markets close slightly higher after Trump returns to the White House; BELEX15 up symbolic 0.18%
Stocks were lower on Tuesday, giving up an earlier gain, after President Donald Trump instructed White House officials to halt negotiations on further coronavirus stimulus. The Dow Jones Industrial Average traded 250 points lower, or 0.9%. Earlier in the day, the 30-stock average was up more than 200 points. The S&P 500 and Nasdaq Composite slid 0.9% and 1.1%, respectively.
European stocks closed marginally higher Tuesday, with global markets reacting to President Donald Trump’s return to the White House on Monday to continue his coronavirus treatment. The pan-European Stoxx 600 provisionally ended up around 0.1%. Banks added more than 3.3% to lead gains while healthcare stocks slid nearly 1%.
At the bottom of the European blue-chip index, Logitech shares slid more than 5% after Bloomberg reported that Apple will stop selling earphones and speakers manufactured by rival companies ahead of its own launches.
BELEX15 was up 0.18%, as Jedinstvo gained over 3%, while major names such NIS and Belgrade Airport were in a symbolic losses. The most active name was Philip Morris, once again as it generated RSD 1.2m in volume. There were no major corporate nor macro news.
Source: CNBC, Ilirika