Business
Stock Futures Tumbles as Greenland Tariff Fears Rattle Markets
Stocks looked set to tumble on Tuesday as investors worried about President Donald Trump’s plan to impose tariffs on eight NATO countries, unless they allow his administration to acquire Greenland.
Futures tracking the Dow Jones Industrial Average dropped 757 points, or 1.5%. S&P 500 futures slumped 1.6%, and contracts tied to the tech-heavy Nasdaq 100 plunged 2.0%.
Bonds were also selling off. The yield on the 10-year Treasury note jumped 6 basis points to 4.29%, and the 30-year yield surged 9 basis points to 4.93%.
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