Stock market today: Dow, S&P 500, Nasdaq futures sink after Trump targets allies with tariff threat over Greenland

US banal futures tumbled connected Tuesday, signaling a rocky instrumentality to trading arsenic President Trump escalated commercialized tensions with Europe implicit Greenland, reviving tariff fears conscionable arsenic net play picks up pace.

Dow Jones Industrial Average futures (YM=F) pulled backmost 1.3%, pointing to a driblet of implicit 600 points erstwhile markets reopen from Monday's vacation shutdown. S&P 500 futures (ES=F) fell 1.4%, portion Nasdaq 100 futures (NQ=F) sank 1.7% connected the heels of a losing week for Wall Street stocks.

.Markets are grappling with Trump’s play menace that the US volition enforce sweeping tariffs connected imports from 8 NATO countries unless they backmost its “complete and full acquisition of Greenland.” In response, the EU has discussed up to $108 cardinal successful retaliatory tariffs. It could besides deploy an “anti-coercion instrument” that could substance income of US assets with a imaginable fallout of immoderate $8 trillion.

In a Truth Social station connected Saturday, Trump said US tariffs against the EU would statesman astatine 10% connected Feb. 1 and ascent to 25% by June 1. European officials rapidly condemned the menace arsenic “unacceptable.” Adding to the intrigue this week, Trump volition talk astatine the World Economic Forum successful Davos, Switzerland, connected Wednesday.

Against that backdrop, the benchmark 10-year Treasury output (^TNX) roseate to conscionable beneath 4.3% arsenic the US joined a planetary slump successful bonds. The retreat was stoked by a meltdown successful Japanese bonds, which saw yields surge to records amid worries astir the taxation cuts promised by Japan's premier curate successful an predetermination pitch.

Looking ahead, the Supreme Court whitethorn regularisation arsenic soon arsenic this week connected whether Trump’s usage of the International Emergency Economic Powers Act to enforce tariffs is constitutional. Treasury Secretary Scott Bessent said Sunday helium believes it is “very unlikely” the tribunal would overturn what helium called the president’s signature economical policy.

Investors are besides bracing for a engaged net slate, with results owed from Netflix (NFLX), Intel (INTC), and Johnson & Johnson (JNJ), among others. Corporate guidance volition beryllium intimately watched, peculiarly arsenic analysts expect the S&P 500 (^GSPC) to present net maturation of astir 12% to 15% this year, with country for an adjacent downside if "Sell America" sentiment continues to linger.

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