Wall Street Slides as Tariff Rhetoric Rattles Risk Appetite
U.S. equities suffered their sharpest selloff since October after renewed tariff threats tied to Greenland heightened political and market uncertainty. The Dow Jones Industrial Average fell nearly 1.8%, while the S&P 500 dropped 2.1% and the Nasdaq Composite slid 2.4%, pushing major benchmarks into negative territory for 2026. The move was accompanied by rising Treasury yields and a weaker dollar, signaling a broader “sell America” response. President Donald Trump escalated tariff threats against European allies ahead of Davos, unsettling global markets. With earnings season intensifying, results from companies such as Netflix and Johnson & Johnson are now in focus as investors look for corporate fundamentals to stabilize sentiment.
Gold Surges as Asia Markets Slide on Tariff Escalation
Asia-Pacific markets weakened as President Donald Trump’s renewed tariff threats tied to Greenland triggered a flight to safety, lifting gold to a record above $4,800 an ounce. Japan’s Nikkei 225 and South Korea’s Kospi led regional declines, while Hong Kong and mainland China were mixed. The risk-off mood followed Wall Street’s sharpest selloff since October, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all posting steep losses. Rising U.S. Treasury yields and a weaker dollar underscored concerns that escalating trade tensions could spill over into global growth and asset valuations.
Danish Pension Fund Exits U.S. Treasurys Amid Fiscal and Geopolitical Strains
Denmark’s AkademikerPension said it will sell its roughly $100 million holding in U.S. Treasurys by month-end, citing concerns over America’s deteriorating public finances and rising geopolitical risk. The move follows a widening budget deficit, heavy debt-servicing costs and Moody’s Ratings’ downgrade of U.S. sovereign credit last year, while tensions between Washington and Copenhagen have intensified as Donald Trump presses for control of Greenland and threatens tariffs on European allies. The decision adds to signs of a broader “sell America” trade, echoed by comments from Ray Dalio, who warned that sustained trade and political conflicts could prompt global investors to reassess U.S. assets and Treasurys as safe havens.
Quantum Computing Emerges as a Long-Term Tech Catalyst
India’s largest conglomerate, Reliance Industries, is facing rising investor scrutiny as a slowdown in its retail arm weighs more heavily on valuation than geopolitical challenges in energy. Reliance Retail posted modest quarterly growth, prompting brokerages including Macquarie Capital, Citi and UBS to cut earnings forecasts and target prices, despite maintaining buy ratings. While the group has reduced imports of discounted Russian crude following U.S. sanctions on Rosneft and Lukoil, its refining margins have held up and telecom continues to deliver steady growth. With domestic consumption soft and retail momentum slowing, investors increasingly see execution at home-rather than geopolitics abroad-as the key risk shaping Reliance’s near-term outlook.
Netflix Slides Even Though It Smashes Records With Subscriber Growth
First off, the wins are massive. Netflix smashed records with a whopping 325 million paid subscribers worldwide— that's growth on steroids! 😎 Their ad revenue exploded, hitting over $1.5 billion in 2025 and set to double to around $3 billion this year. Revenue for the last quarter? A solid $12.05 billion, beating expectations and jumping 17.6% year-over-year. Earnings per share clocked in at $0.56, edging out forecasts. Plus, they're ramping up film and TV production spending to keep that content machine churning out hits. Who doesn't love more binge-worthy shows
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