Wall Street skids to near three-week low as Greenland dispute triggers global sell-off [View all]
Source: Reuters
Wall Street's main indexes started the holiday-truncated week on a dour note as investors were spooked by fresh tariff threats from President Donald Trump against Europe amid a dispute over control of Greenland.
The major indexes slid toward three-week lows on Tuesday amid a risk-off wave that vaulted gold to fresh record highs, knocked stocks lower globally and left U.S. Treasuries wobbling under renewed selling pressure.
The Nasdaq broke below its 50-day moving average - an important technical threshold - while the S&P 500 hovered at the edge.
Trump said on Saturday additional 10% import tariffs would take effect on February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain — all already subject to tariffs imposed by the U.S.
Read more: https://www.reuters.com/business/sp-nasdaq-futures-slide-one-month-lows-greenland-concerns-2026-01-20/
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