Key Highlights
- On Tuesday, US equities saw a meltdown, posting sharp losses across sectors, as President Donald Trump refused to back down on his tariff threats to EU countries over Greenland ahead of his scheduled appearance at Davos on Wednesday.
- The renewed tensions drove the S&P 500 down 2.1%, erasing its 2026 gain and seeing its biggest drop since October.
- Technology stocks were the biggest weights.
- The Dow Jones Industrial Average dropped 1.8%.
- The Nasdaq composite slumped 2.4%.



