The S&P 500 Index ($SPX) (SPY) today is down -1.23%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.36%. March E-mini S&P futures (ESH26) are down -1.16%, and March E-mini Nasdaq futures (NQH26) are down -1.20%.
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. President Trump over the weekend announced a 10% tariff on goods from eight European countries starting February 1, rising to 25% in June, unless there’s a deal for the “purchase of Greenland.”
