Stocks close lower to start the week, pull back from all-time highs amid valuation concerns; European markets close lower as investors focus on U.S. stimulus and virus; Tui continues slide 
Stocks fell on Monday as investors assessed equity valuations and the outlook for more Covid-19 relief stimulus, along with ongoing political turmoil. The Dow Jones Industrial Average slid 89.28 points, or 0.3%, to end the day at 31,008.69. The S&P 500 dipped 0.7% to 3,799.61, and the Nasdaq Composite pulled back by 1.3% to 13,036.43. At one point, the Dow was down 265 points. 
Yet the rally in the face of political upheaval and a pandemic has raised concerns that investors have grown too exuberant. Shares of Tesla, for example, were up 25% last week and 747% in the last 12 months. They now trade for around 90-times 2021 cash flow. 
Tesla shares were off by 7.8% on Monday. Bitcoin, which has been a symbol of speculation in the financial markets, was back down to $33,000 after trading above $40,000 over the weekend.

 
European stocks closed lower on Monday as surging coronavirus cases in many major countries weighed on investor sentiment. The pan-European Stoxx 600 finished 0.7% lower, with autos shedding 1.7% to lead losses while health care stocks added 0.6%. 
In terms of individual share price action, Anglo-German travel operator Tui fell 6%, furthering last week’s steep losses after announcing a capital raise. 

BELEX15 was down 0.39% as Komercijana lost nearly 2%. Trade volume was not worth mentioning when considering bigger names as even Komercijana generated only RSD 29k. 
Source: CNBC, Ilirika