U.S. Indexes Attempted to Look Beyond Trump's Greenland Threats

Barry Adams
21 Jan, 2026
New York City

Stocks on Wall Street extended losses for the second day in a row amid rising trade frictions and deepening rhetoric over Greenland. 

The S&P 500 decreased 0.2%, the Nasdaq Composite declined 0.3%, and the yield on 10-year U.S. Treasury notes rose to 4.31%.  

Market sentiment took another hit after the U.S. president doubled down on his threats to "purchase" Greenland, prompting a terse and firm response from the European Commission president, Ursula Von der Leyen. 

"Our response will be unflinching, united, and proportional," said Von der Leyen at an annual gathering of top business leaders in Davos, Switzerland. 

French president Emmanuel Macron said that Europe can restrict access to the single market of Europe to the U.S. companies in the event the U.S. proceeds with the threatened 25% tariffs. 

Rising geopolitical tensions drove gold higher for the second consecutive session and extended 2-day gains to nearly 10%. 

 

U.S. Movers 

Netflix dropped 7% to $80.99 after the streaming service provider reported weaker-than-expected revenue and earnings in the latest quarter. 

December quarter revenue rose to $12.05 billion, and earnings per share advanced to 56 cents. 

United Airlines Holdings rose 2.1% to $112.05 after the international carrier estimated strong earnings growth in 2026. 

The company said adjusted earnings per share in 2026 are expected to fall to between $12 and $14. 

Progress Software soared 17% to $45.52 after the company issued positive guidance for the first quarter. 

The business application software company estimated revenue to fall between $244 million and $256 million and diluted earnings per share between $1.56 and $1.62.