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Dow, S&P 500, Nasdaq futures skid after Trump threatens added European tariffs over Greenland
Yahoo Finance· 2026-01-19 06:42
Group 1 - U.S. stock futures declined following President Trump's threat to impose a 10% additional tariff on imports from eight European countries due to their opposition to U.S. control over Greenland [1][2] - The targeted European countries issued a strong joint statement condemning Trump's threats, indicating a significant strain on transatlantic relations [2] - The S&P 500 futures fell by 0.9% and Dow Jones Industrial Average futures decreased by 0.8% in response to the geopolitical tensions [2] Group 2 - Analysts suggest that Trump's actions are testing the strategic alignment and institutional trust between the U.S. and Europe, which is crucial for U.S. financing and trade [3] - The geopolitical landscape is shifting, leading to a potential rebalancing of capital flows into U.S. assets, which may not be as automatic as before [4] - In Asia, mixed market performances were observed, with China's economy growing at a 5% annual pace despite a slowdown in the last quarter, and oil prices edging higher [5] Group 3 - In Japan, the Nikkei 225 index fell by 0.7% as political developments unfolded with the Prime Minister preparing for a snap election [6] - South Korea's Kospi index rose by 1.3%, driven by strong performance in tech-related companies, while other Asian markets showed varied results [6] - On Wall Street, the first week of corporate earnings season ended with slight declines in major indices, although smaller company stocks performed better [7][8]