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Wall Street experienced a significant slump, with major indexes falling over 1.8%, after President Trump threatened new tariffs on eight European countries. The move is linked to escalating tensions over his attempts to assert control over Greenland, causing widespread market losses and a surge in safe-haven assets.
Global stock markets, including those in the US and Europe, plummeted Tuesday, wiping out year-to-date gains for the S&P 500 and Nasdaq. Investors reacted to President Trump's escalating clash with European leaders over Greenland and new tariff threats, compounded by a snap election and tax cut proposal in Japan. The VIX surged, the dollar fell sharply, and safe-haven assets like gold and silver hit record highs.
U.S. futures plummeted and global stock markets showed mixed reactions following the start of a U.S. government shutdown. While some markets like the S&P 500 and Dow futures fell, others in Europe and Asia saw gains, with investors largely taking the shutdown in stride despite concerns over potential economic data delays and White House actions.
