Traders work on the floor at the New York Stock Exchange, Jan. 20, 2026.
Michael Nagle | Bloomberg | Getty Images
Stock futures traded near the flatline Tuesday night after major averages saw their worst day in three months.
Futures tied to the Dow Jones Industrial Average advanced 25 points, or less than 0.1%. S&P 500 futures added less than 0.1%, while Nasdaq 100 futures were marginally lower.
U.S. equities posted sharp losses in the regular session as President Donald Trump escalated his Greenland tariff threats ahead of his scheduled appearance in Davos on Wednesday. The 30-stock Dow slipped more than 870 points, or about 1.8%, while the S&P 500 lost roughly 2.1%. A drawdown in technology stocks led the selloff, with the Nasdaq Composite sliding 2.4% on the day. All three benchmark indices logged their worst daily performances since Oct. 10. The selloff also dragged the S&P 500 and the Nasdaq into negative territory for 2026.
The so-called sell America trade on Tuesday was accompanied by a spike in U.S. Treasury yields and a decline in the U.S. dollar. The 10-year Treasury yield surged and briefly topped 4.3% at the high of the day.
Trump on Tuesday doubled down on his efforts to take possession of Greenland. He threatened to impose 200% tariffs on French wines and Champagne after French President Emmanuel Macron reportedly snubbed a seat on Trump’s “Board of Peace” on Gaza. Over the weekend, Trump had announced that eight NATO members’ U.S. imports will face escalating levies “until such time as a Deal is reached for the Complete and Total purchase of Greenland.” The tariffs will start at 10% on Feb. 1 and rise to 25% on June 1, his Truth Social post said.
Danish pension operator AkademikerPension said Tuesday that it is exiting its roughly $100 million position in U.S. Treasurys because of finance concerns over U.S. debt. The move came as tensions between the U.S. and Denmark escalate on the back of Trump’s moves.
“It’s not a major pullback yet, and so we do think there’s a possibility and a very realistic possibility for things to go perhaps a more negative turn before they get better, and that’s something that investors could want to position for,” Yung-Yu Ma, chief investment strategist at PNC Asset Management, said Tuesday on CNBC’s “Closing Bell.”
This week is a busy one for corporate earnings, which U.S. investors are hoping will continue to prop up the stock market this year. Netflix shares declined more than 4% in after-hours trading Tuesday after the streaming giant posted a narrow fourth-quarter earnings beat. Johnson & Johnson, Halliburton and Travelers are slated to report Wednesday.
GameStop rises in extended trading after CEO Cohen discloses share purchase
Video game retailer GameStop jumped more than 3% in after-hours trading on Tuesday after CEO Ryan Cohen revealed that he snapped up shares.
Cohen, who is also chairman of GameStop, bought 500,000 shares at a weighted average price of about $21.12, according to a Tuesday filing with the Securities and Exchange Commission.
Cohen now owns more than 41 million shares of the company, a stake of roughly 9.2%.
GameStop shares in the past day
—Darla Mercado
Deutsche Bank: The ‘honeymoon is over’ for AI as challenges emerge
This year will be the most difficult one yet for artificial intelligence, according to Deutsche Bank Research Institute.
AI adoption has expanded in recent years, but Wall Street is betting that 2026 will see a reckoning of the technology — and the web of trades around the trend — as the market demands tangible returns from it. Software stocks have been experiencing some turbulence as of late as investors worry that the group may face a threat from AI. Big-name AI plays also saw sharp declines in Tuesday’s market rout.
This year will likely be a tough one for AI as three key themes emerge, according to a Tuesday note co-authored by Adrian Cox, analyst for Deutsche Bank Research Institute. They are disillusionment, dislocation and distrust.
“Generative AI will be transformative but not right now,” Cox wrote. “As pilots move into production, enterprise users are confronting inherent limitations such as accuracy; the difficulty of applying it in unpredictable real life; and the fact that in many areas it will be a long time, if ever, before it is more economical than human labor.”
More on Cox’s 2026 AI forecast here in CNBC Pro.
— Pia Singh
‘You’ll find out,’ Trump says on Greenland takeover strategy ahead of Davos arrival
President Donald Trump on Tuesday declined to detail what lengths he will go to in order to achieve his aim of making Greenland part of the United States.
“You’ll find out,” Trump said in response to a question asking how far he would go to acquire Greenland during a nearly two-hour press briefing at the White House, just one day before he is scheduled to arrive at the World Economic Forum in Davos, Switzerland.
Trump’s pursuit of U.S. control over Greenland — including his announcement over the weekend of escalating tariffs on a raft of European countries — led to a broad market sell-off on Tuesday. Trump said on Tuesday he intends to meet with his counterparts in Davos this week to discuss Greenland.
— Garrett Downs, Pia Singh
Netflix, United Airlines among stocks moving in extended trading Tuesday
Check out the companies making headlines in after-hours trading.
- Netflix — Shares of the streaming giant declined 4% after Netflix reported a narrow earnings beat for the quarter that ended Dec. 31, posting earnings per share of 56 cents while analysts polled by LSEG estimated 55 cents per share. The company’s revenue of $12.05 billion exceeded consensus estimates of $11.97 billion, per LSEG. Netflix said it had 325 million global paid subscribers by the end of the period, which is a fresh milestone.
- Interactive Brokers — Shares of the automated global electronic broker slipped nearly 1%. Interactive Brokers reported adjusted earnings of 65 cents per share for the fourth quarter, exceeding analysts’ forecast of 59 cents per share, according to LSEG.
- United Airlines — The carrier said it expects to generate record earnings in 2026 due to strong travel demand in recent weeks, leading shares to pop 4% in extended trading. United Airlines expects adjusted earnings per share of between $12 and $14 this year, in line with the $13.16 per share anticipated by analysts.
For the full list of stock movers, read here.
— Pia Singh