The S&P 500 Index ($SPX) (SPY) today is down -1.29%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.41%.  March E-mini S&P futures (ESH26) are down -1.43%, and March E-mini Nasdaq futures (NQH26) are down -1.55%.

Stock indexes are sharply lower today, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 2-week lows. 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.

Rising bond yields are also weighing on stocks today.  The 10-year T-note yield jumped to a 4.75-month high of 4.31% today, driven by concern... Read more