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Stocks Plunge on Greenland Crisis and Soaring Bond Yields
Barchart - Tue Jan 20, 3:36PM CST
The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -2.06%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.76%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.12%. March E-mini S&P futures (ESH26) fell -2.02%, and March E-mini Nasdaq futures (NQH26) fell -2.10%.
Stock indexes plummeted on Tuesday, with the S&P 500 and Nasdaq 100 falling to 1-month lows, and the Dow Jones Industrial falling to a 2-week low. Rising geopolitical tensions between the US and Europe over control of Greenland have led to a risk-off mood in asset markets. President Trump’s push to take over Greenland is reviving fears of trade confrontations between the US and its European allies, with little sign of de-escalation. Overnight, President Trump threatened steep tariffs on French champagne after French President Macron ruled out joining a US-led peace initiative. President Trump over the weekend announced a 10% tariff on goods from eight European countries starting February 1, ri... Read more
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Stocks Plunge on Greenland Crisis and Soaring Bond Yields Barchart - Tue Jan 20, 3:36PM CST
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -2.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.12%. March E-mini...
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