NEW YORK: US stock index futures steadied today after the biggest Wall Street selloff in three months, with investors focused on President Donald Trump’s speech at Davos after his plans to acquire Greenland jolted investors earlier this week.
All three major US indexes ended down nearly 2% each yesterday, their biggest one-day drops in three months, as global investors fled to safe-haven assets after Trump threatened to implement a wave of new tariffs on European allies until the US is allowed to buy Greenland, an autonomous territory of Denmark.
Trump is giving a keynote address at the World Economic Forum at Davos, Switzerland today, where he is expected to once again make a push towards acquiring Greenland.