The CBOE Volatility index, also known as Wall Street’s fear gauge, touched a two-month high at 19.42 points.Wall Street’s main indexes slid to a near three-week low on Tuesday (Jan 20), as investors were spooked by fresh tariff threats from President Donald Trump against Europe amid a dispute over control of Greenland
US traders came back from a market holiday to a risk-off wave already in motion, pushing gold to fresh record highs, dragging stocks lower across the globe and leaving US Treasuries wobbling under renewed selling pressure.
Economy
Wall Street Slides to Near Three-Week Low as Greenland Dispute Triggers Global
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American in New York City, U.S., October 22, 2025. (Reuters/Brendan McDermid)
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American in New York City, U.S., October
Wall Street’s main indexes slid to a near three-week low on Tuesday, as investors were spooked by fresh tariff threats from President Donald Trump against Europe amid a dispute over control of Greenland.
U.S. traders came back from a market holiday to a risk-off wave already in motion, pushing gold to fresh record highs, dragging stocks lower across the globe and leaving U.S. Treasuries wobbling under renewed selling pressure.
Trump said on Saturday additional 10% import tariffs would take effect on February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain — all already subject to tariffs imposed by the U.S.
The tariffs would increase to 25% on June 1 and would continue until a deal was reached for the U.S. to purchase Greenland, Trump wrote in a post on Truth Social. Leaders of Greenland, an autonomous territory of Denmark, and Denmark have insisted the island is not for sale.
