FX.co ★ US Stocks Fall Sharply

US stocks experienced a significant decline during the week's opening session, impacted by new tariff threats from President Trump and turbulence in global bond markets. Both the S&P 500 and the Dow Jones Industrial Average each decreased by about 1.3%, while the Nasdaq 100 fell by 1.1%. President Trump announced his intention to impose 10% tariffs on Denmark, Norway, Germany, the UK, France, the Netherlands, Sweden, and Finland by February if these countries persist in opposing the US's proposed acquisition of Greenland, with tariffs potentially increasing to 25% by June. Additionally, technology giants felt the strain from rising interest rates after Japan's commitment to tax cuts led to significant increases in long-term bond yields across major economies. Nvidia, Broadcom, and Oracle each saw losses exceeding 3%. Furthermore, 3M declined by 5% despite surpassing revenue estimates for the fourth quarter. In contrast, Netflix futures rose by 1.5% ahead of their earnings report, scheduled for release after the market closes, with reports suggesting they might consider an all-cash offer for Paramount to enhance the chances of a successful acquisition.