Stock markets plunge as Trump ramps up tensions over Greenland
Greenland hit by power outage, strong winds in wake of US tensions easing
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On January 21, 2026, global stock markets plunged following President Trump's intensified threats to acquire Greenland. Wall Street experienced its worst day since October, with the S&P 500, Nasdaq, and Dow Jones all experiencing significant declines. The US dollar also weakened, while gold prices surged to a record high. European and Asian markets followed suit, reflecting investor anxiety over Trump's demands and the potential for escalating tensions with Denmark and other European nations. Trump claims control of Greenland is vital to US security due to China and Russia’s strategic ambitions in the Arctic. The situation has strained US-European relations, raising concerns about the future of NATO and transatlantic trade.
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AI-ExtractedThe US dollar fell 0.8 percent against a basket of major currencies.
Wall Street’s benchmark S&P 500 fell nearly 2.1 percent on Tuesday.
Trump claims that Greenland is vital to US security due to China and Russia’s strategic ambitions in the Arctic.
The declines marked Wall Street’s worst day since October.
Stock markets and the US dollar tumbled following Trump's latest threats over Greenland.
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