By Khadija Saeed
Publication Date: 2026-01-19 19:16:00
New York, January 19, 2026, 13:22 ET — Market closed.
U.S. tech giants dipped in European trading Monday as Nasdaq 100 futures dropped, following President Donald Trump’s threat to impose more tariffs on European countries over Greenland. Wall Street remained closed for Martin Luther King Jr. Day. Alphabet shares in Frankfurt slid 2.4%, with Nvidia and Microsoft both down 2.2%. Nasdaq 100 futures fell 1.25%. (Reuters)
The closure forces investors to rely on futures and overseas listings to gauge the next session, creating a thinner market prone to amplified swings. U.S. exchanges are set to reopen Tuesday. (New York Stock Exchange)
The tariff threat sent shockwaves through the broader markets, driving investors to safer assets. George Lagarias, chief economist at Forvis Mazars, said, “It’s highly likely that the White House will use the threat of tariffs consistently, even when deals have previously been agreed.” Gold surged to $4,689 an ounce, while silver hit $94.08, according to Reuters. (Reuters)
According to Reuters, Trump’s weekend threat involves slapping a 10% tariff on goods from several European countries starting Feb. 1, jumping to 25% by June 1 if no Greenland deal materializes. Leonard Kwan, fixed income portfolio manager at T Rowe Price, called it “more noise than signal at this point.” (Reuters)
Futures trade almost nonstop and often shift while the stock market is closed, offering a swift snapshot of risk appetite….
