Stocks close lower for a second day amid coronavirus aid uncertainty, Dow drops more than 160 points; European markets close slightly lower as coronavirus concerns weigh on sentiment; BELELX15 down 0.25%; IMF projects better outlook for Serbia – economy to drop by 2.5% 
Stocks fell for a second day on Wednesday after comments from Treasury Secretary Steven Mnuchin dampened expectations of a coronavirus stimulus deal being reached before the Nov. 3 presidential election. 
The Dow Jones Industrial Average was down 165 points, or 0.6%, at 28,514. The S&P 500 closed 0.7% lower at 3,488.67 and the Nasdaq Composite slid 0.8% to 11,768.73European stocks closed slightly lower on Wednesday as coronavirus concerns weighed on global markets. The pan-European Stoxx 600 closed down by around 0.1%, pulling back from earlier gains, with health stocks shaving off 0.6% while utilities rose over 0.8%. 
Goldman Sachs reported quarterly earnings that were much better than expected. The company’s results were driven in large part by strong bond-trading revenue. UnitedHealth reported better-than-expected earnings and revenue for the previous quarter, but the stock fell 2.9%. Bank of America’s earnings topped analyst expectations but the bank’s revenue missed the mark, sending the stock down 5.3%. Wells Fargo shares dipped 6% as the bank’s third-quarter earnings missed expectations. The bank said its bottom line was impacted by the current low interest rate environment. 

European stocks closed slightly lower on Wednesday as coronavirus concerns weighed on global markets. The pan-European Stoxx 600 closed down by around 0.1%, pulling back from earlier gains, with health stocks shaving off 0.6% while utilities rose over 0.8%. 
Atlantia shares climbed more than 9% by the close after Italian newspapers La Repubblica and Il Messagero reported that state lender CDP has partnered with Blackstone and Macquarie to ready a bid for the infrastructure firm’s stake in its motorway unit.

 
BELELX15 was down 0.25% as NIS lost 1.4%. The most active name was Jedinstvo Sevojno, with RSD 4.2m in volume. However, the stock was down 2.1%. 
The International Monetary Fund (IMF) estimates in its updated October report that the drop of the economy of Serbia in 2020 as a consequence of the coronavirus crisis will be lower than projected in April and that it will be at 2.5%, not 3%. The IMF also projects that, next year, the Serbian economy will grow by 5.5%. 
Source: CNBC, Ilirika