S&P 500 Futures Edge Up After Selloff; Gold Extends Gains -- WSJ

Dow Jones01-21

Stock futures inched higher as investors await President Trump's speech at Davos after he struck a somewhat more conciliatory tone on Greenland.

"I think that we will work something out where NATO is going to be very happy, and where we're going to be very happy," the president said Tuesday at the White House.

Trump is scheduled to give a special address at the World Economic Forum in Davos, Switzerland, at 8:30 a.m. ET. He has also said he expects to hold a meeting in Davos on Greenland and has expressed confidence he can reach a deal to acquire the territory.

Futures tied to major U.S. stock gauges edged higher after Tuesday's selloff, when the Nasdaq composite notched its worst day since October. Gold prices extended this week's record-setting rally.

Back in the U.S., the Supreme Court is set to hear arguments in the Trump administration's case to remove Federal Reserve governor Lisa Cook. The case will test the central bank's independence and the court's stance on regulatory power.

Earnings season continues, with results due from Johnson & Johnson, among others, this morning. Netflix shares sold off in premarket trading, despite the streaming company posting strong earnings.

In other markets:

--Japan's long-term government bond yields dropped from record highs hit on Tuesday.

--Crude oil futures fell around 1%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

January 21, 2026 06:30 ET (11:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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