US stock futures fell for a second straight day on Tuesday as Wall Street reopened after a long weekend.
Wall Street's major indices continued their negative performance with the Dow Jones index down 0.17% to 83.11 points, the S&P 500 down 0.06% to 4.46 points and the Nasdaq Composite down 0.06% to 14.63 points.
The fall was caused by US President Donald Trump's threat to impose new tariffs on European countries that oppose Washington's proposal to take over Greenland.
Meanwhile, Trump also warned that eight NATO members, namely Denmark, Sweden, Norway, the United Kingdom (UK), the Netherlands, France, Finland and Germany, are at risk of being subject to 10% tariffs starting February 1.
The rate will increase to 25% on June 1 if no agreement is reached in the near future.
European leaders denounced the statement as “unacceptable” and are considering possible countermeasures to Trump’s tariffs.
Meanwhile, European carmakers and luxury goods firms fell yesterday, while some defense sector stocks rose.
Market attention this week will be on fourth-quarter earnings reports from giants such as Charles Schwab, Johnson & Johnson, Netflix, Visa and Intel.
