Wall Street's main indexes were set to open sharply lower on Tuesday, as investors were spooked by renewed tariff threats from President Donald Trump against Europe over control of Greenland. U.S. traders were returning from a market holiday on Monday to a bout of global risk aversion that sent gold prices to record highs,

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Big bank earnings blew past estimates and lifted forecasts for S&P 500 profits. Industrials, healthcare, and AI giants report next—and could drive the next leg of the rally.

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The dollar fell sharply and Wall Street stocks were set for heavy losses on Tuesday even as Donald Trump said he would hold a meeting in Davos with “various” interested parties over the Greenland crisis.

Wall Street's main indexes started the holiday-truncated week on a dour note as investors were spooked by fresh tariff threats from President Donald Trump against Europe amid a dispute over control of Greenland.