Dow set to fall more than 300 points on Trump’s new tariff threat over Greenland: Live updates

Stock futures connected Monday nighttime pointed to a downbeat league connected Wall Street arsenic President Donald Trump intensifies his rhetoric connected Greenland, threatening to enforce caller tariffs connected countries opposing the merchantability of the Danish territory to the U.S.

Futures tied to the Dow Jones Industrial Average indicated a diminution of 378 points astatine Tuesday's open. S&P futures were acceptable for a 0.9% drop, portion Nasdaq 100 futures were poised to suffer astir 1.1%.

Trump announced successful a Truth Social post connected Saturday that 8 NATO members' U.S. imports volition look escalating tariffs "until specified clip arsenic a Deal is reached for the Complete and Total acquisition of Greenland." The tariffs volition commencement astatine 10% connected Feb. 1 and emergence to 25% connected June 1, Trump said. European leaders person described the penalties arsenic "unacceptable." Shares of European carmakers and luxury goods companies dropped connected Monday, portion immoderate of the continent's defence stocks rallied.

Monday nighttime marks the archetypal clip U.S. investors are capable to afloat respond to the commercialized escalation, arsenic markets were closed for the Martin Luther King holiday.

Jeff Kilburg, CEO of KKM Financial, thinks a investors should bargain the dip if equities autumn owed to tariff fears, however. "Markets archetypal absorption to imaginable tariffs [is] presenting a buying accidental arsenic absorption volition displacement distant from Davos and backmost to Q4 net play mid week."

The administration's levies are besides nether scrutiny arsenic Wall Street awaits a large tribunal decision.

The Supreme Court could rule as soon arsenic adjacent week connected whether to onslaught down the Trump tariffs, which the president has imposed nether the International Emergency Economic Powers Act. Treasury Secretary Scott Bessent said connected Sunday that helium believes it's "very improbable that the Supreme Court volition overrule a president's signature economical policy."

"In general, we bash expect that overmuch argumentation uncertainty, peculiarly arsenic related to tariffs, should beryllium down us. Still, we request to expect that argumentation related volatility, specified arsenic catching headlines implicit the weekend, volition persist," Scott Chronert, caput of U.S. equity strategy astatine Citi, wrote to clients.

Civil unrest successful Iran besides has planetary investors connected edge. An Iranian authoritative successful the portion said connected Sunday that at slightest 5,000 radical person been killed successful nationwide protests, which began connected Dec. 28 implicit economical hardship and person since grown into wide calls for the extremity of clerical rule.

Major U.S. averages are coming disconnected of a losing week.

The S&P 500 shed 0.4%, portion the 30-stock Dow Jones Industrial Average dropped 0.3% connected the week. The Nasdaq Composite recorded a nonaccomplishment of 0.7%, adjacent though chipmaking stocks tied to the artificial quality commercialized got a little assistance connected Thursday aft Taiwan Semiconductor's blowout fourth-quarter report.

This week, quarterly fiscal results are expected from a scope of companies, including Netflix, Charles Schwab, Johnson & Johnson and Intel. Guidance from companies this twelvemonth is important to prolong bullish sentiment for U.S. stocks. The S&P 500 is already expected to station net maturation of 12% to 15%.

— CNBC's Fred Imbert contributed reporting.