Dow closes 650 points lower, posts worst day since early September; European markets close lower; tech sector down 7.4% as SAP shares tank; BELEX15 ended Monday with no material changes 
Stocks fell sharply on Monday as coronavirus infections jumped and negotiations for a fiscal stimulus package before the election stalled once again. The Dow Jones Industrial Average closed 650.19 points lower, or 2.3%, at 27,685.38. The S&P 500 slid 1.9% to 3,400.97 and the Nasdaq Composite dipped 1.6% to 11,358.94. Monday’s decline erased the monthly gains for the Dow Industrials. It was the Dow’s biggest one-day drop since Sept. 3 and its first close below 28,000 since Oct. 6. The Dow briefly fell as much as 965.41 points, or 3.4%. 

European markets plunged Monday as surging coronavirus cases throughout the continent weighed on sentiment, while SAP led a sharp decline for tech stocks. 
The pan-European Stoxx 600 closed down by 1.8% provisionally, with the technology sector plunging 7.4% after Germany’s SAP abandoned its medium-term profitability targets and warned that its business would take longer than expected to recover from the damage of the coronavirus pandemic. The company’s stock plunged nearly 22%. 

BELEX15 ended Monday with no material change – minus only 0.07%. The most active was Belgrade Airport with RSD 1.1m in volume, while the stock price was flat. NIS was down only light 0.36%, with RSD 0.3m in volume. 
Source: CNBC, Ilirika