Key Highlights
- Investors will be analyzing earnings statements from streaming leader Netflix, semiconductor giant Intel, healthcare major Johnson & Johnson, and consumer goods firm Procter & Gamble.
- Regarding economic indicators, market participants will track figures for November's personal income and outlays, third quarter gross domestic product (GDP) revisions, and the delayed November PCE index.
- Furthermore, the financial community will pay close attention to US President Donald Trump’s anticipated address at the World Economic Forum (WEF) in Davos, amidst a diplomatic impasse with European Union (EU) members over the Greenland dispute.
- On Saturday, Trump committed to implementing a sequence of rising tariffs on eight EU members — Denmark, Sweden, France, Germany, the Netherlands, and Finland — along with the United Kingdom and Norway.
- These measures are intended to persist until the US is allowed to acquire Greenland, further straining the conflict regarding the future of Denmark's extensive Arctic region.