Noor Trends News, Technical Analysis, Educational Tools and Recommendations
U.S. stock index futures inched higher on Wednesday, stabilizing after the previous session’s sharp selloff, as investors braced for President Donald Trump’s address at the World Economic Forum in Davos, Switzerland.
By 05:15 ET, Dow Jones Futures were up 46 points, or 0.1%, S&P 500 Futures gained 0.2%, and Nasdaq 100 Futures added 0.1%.
Wall Street suffered heavy losses on Tuesday after Trump reignited geopolitical and trade tensions by threatening fresh tariffs on several European nations unless his demand for U.S. ownership of Greenland is met. The Dow Jones Industrial Average plunged more than 870 points, or 1.8%, while the S&P 500 and Nasdaq Composite slid 2.1% and 2.4%, respectively — marking their worst single-day declines since October 10.
The risk-off move was compounded by a surge in Treasury yields, with the benchmark 10-year note climbing to its highest level since August, adding pressure to equities.
All Eyes on Trump’s Davos Address
Attention now turns to Trump’s scheduled speech at Davos later in the day, where he is expected to press his case for Greenland, a semi-autonomous Danish territory he has repeatedly said is vital for U.S. national security.
On Tuesday, Trump struck a slightly softer tone, saying he wants to reach an agreement that will keep America’s NATO allies “very happy.” Still, he reiterated that Greenland “needs to belong to America,” and continues to warn of imposing 10% tariffs on eight European countries — rising to 25% in June — if his demands are not met.
The uncertainty surrounding his stance has left markets on edge, with investors wary of further escalation in trade and diplomatic tensions.
Netflix Slumps, United Airlines Rallies
Earnings remain in focus this week, with Netflix reporting after the close on Tuesday. While the streaming giant beat expectations for the December quarter, its first-quarter guidance disappointed. The company cited waning engagement with non-branded licensed content, suggesting softer demand outside its flagship originals. Netflix shares fell sharply in premarket trading.
The results came shortly after Netflix raised its $72 billion bid for Warner Bros Discovery’s studios and streaming business, escalating its bidding war with Paramount Skydance.
In contrast, United Airlines surged premarket after topping quarterly profit estimates and issuing a bullish outlook for both the current quarter and the full year, driven by strong demand from higher-income and corporate travelers.
More corporate results are due later Wednesday from Johnson & Johnson, Halliburton, and Travelers. A heavy slate follows on Thursday, including Procter & Gamble, GE Aerospace, Intel, Abbott Laboratories, and Intuitive Surgical.
