Dow, S&P 500, Nasdaq futures rise after Trump’s Greenland threats prompt worst day since October

U.S. stock futures rose Tuesday evening, showing a modest recovery after Wall Street experienced its steepest selloff in months.

Dow Jones Industrial Average futures (YM=F), S&P 500 futures (ES=F), and Nasdaq 100 futures (NQ=F) were all up about 0.1%.

This cautious rise came after a frustrating regular session in which investors rushed for exits amid global insecurity. The Dow (^DJI) fell more than 850 points, while the S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) fell more than 2%, driven by broad losses in megacap tech stocks.

All three major indexes recorded their worst daily performances since October 10, while the S&P 500 and Nasdaq are in the red for 2026.

Trump ratcheted up tensions by renewing his push to buy Greenland and threatening to impose 200% tariffs on French wine and champagne after French President Emmanuel Macron refused to take a role in Trump’s proposed “Peace Board” for Gaza.

Tuesday’s decline was accompanied by a classic “sell America” ​​trade. U.S. Treasury yields rose sharply, the 10-year yield briefly rose above 4.3%, and the U.S. dollar weakened. Gold (GC=F) and silver (SI=F) reached more records.

On Wednesday, all eyes will be on the World Economic Forum in Davos, where Trump will hold meetings with other countries via Greenland and make an important speech.

Wednesday also brings a day of oral arguments at the Supreme Court over Trump’s firing of Lisa Cook. The outcome of the case lays the groundwork for placing Federal Reserve members in a legal framework that protects them from presidential impeachment. This case is a landmark examination of the Fed’s independence as attempts are made to establish the central bank as a “uniquely structured, quasi-private entity.”

Meanwhile, attention has turned to heavy corporate earnings that investors hope will stabilize markets. Netflix (NFLX) fell in after-hours trading after earnings showed more uncertainty for the streaming giant. Johnson & Johnson (JNJ) and Charles Schwab (SCHW) are scheduled to report results on Wednesday, among a number of midsize financial institutions.