Wall Street skids to near three-week low as Greenland dispute triggers global sell-off

[groundloop]

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/

[FalloutShelter]

1. Fakin moron Rethugs are allowing Twitler

To crash the economy…. AGAIN.

[SunSeeker]

2. This looks like a free fall. Holy shit.

[turbinetree]

3. Hey WSJ and all of your corporate minions.............who do you love............you do and did understand

that you and others in your universe supported this manic right..........you do realize that he bankrupt a casino venture, and is more worried about a ballroom in this country and over in Ireland right............and to top it all of you and your gang supported most of the maga in the senate that confirmed his delusion and the US Supreme Court and members of the maga congress..................and now your whining...........who the fuck got you out of the depression and damn near every recession and depression since WWII since your so smart just type in..............

when compared to depression and recessions which party has done more to relief those economic outcomes................democrats 10 out of 11 times...............and the only thing your people in your world worry about are taxes..........your idiots...........maybe you should go and read the book 1929 by Andrew Ross Sorkin.......

[progree]

4. S&P 500 closed Tuesday 1/20 at 6797, down 2.1% # DJT's 1st year: S&P 500: +16% Global Equities ex US: +30%

## Wall Street's worst day since October
## year-to-date gains for the S&P 500 and Nasdaq wiped out (S&P 500 down 0.7% YTD)
## Treasury yields jumped to their highest levels in four months as a sell-off in Japanese bonds added pressure on US debt
## Gold and silver set new record highs

More on today's action and recent economic reports at the twice weekly S&P 500 thread in the Economy Group, updated today, 1/20
https://www.democraticunderground.com/111699775


Global Stocks Trounce the S&P 500 in Trump’s Chaotic First Year, Bloomberg, 1/20/26
https://finance.yahoo.com/news/global-stocks-trounce-p-500-131530108.html

In fact, equities worldwide — once the US is excluded — have risen around 30% since he took office a year ago, roughly double the S&P 500’s gain, according to MSCI’s index. The US hasn’t lagged that much during a president’s first year since 1993, when the nation was recovering from a recession and investors were flocking to growing markets overseas.

Trump’s comparison with his predecessors is no better: As far as the S&P 500 goes, the first-year gain under Trump clocks in as only the ninth best start to a term since World War II, according to CFRA. Ronald Reagan, George H.W. Bush, Bill Clinton, Barack Obama, Joe Biden — and even Trump during his first stint — all saw bigger gains.

US presidents, of course, don’t determine the direction of the stock market, as much as they take the blame or credit. But in Trump’s case, his trade war, foreign-policy surprises like pushing for a US takeover of Greenland, moves to exert greater control over key industries, and threat to the Federal Reserve’s independence have all periodically unnerved investors. That, in turn, has effectively tapped the brakes on a rally driven largely by the artificial-intelligence boom and the surprisingly resilient economy he inherited.
-snip-
[Also] MSCI’s emerging-market index rose over 30% last year, it’s biggest advance since 2017.

The S&P 500 gained 15.7% in Trump's first year, according to a table in the article, comparing the first year of all presidential terms since (and including) FDR.