Wall Street drops amid pressure on tech sector

US stock indexes fell sharply during Tuesday’s trading — after markets reopened following Monday’s public holiday — amid rising anxiety over Greenland.

Investors shunned US risk assets such as equities, while long-dated US Treasury yields moved higher as demand increased for perceived safe havens.

The selloff comes amid mounting concerns over escalating trade tensions after US President Donald Trump expressed his desire to annex Greenland and threatened European countries opposing the move with steep tariffs.

Meanwhile, the corporate earnings season continues, with companies reporting results for the final quarter of 2025. Major firms set to release earnings this week include Netflix, Intel, and Johnson & Johnson.

In trading, the Dow Jones Industrial Average fell by 1.0%, or 506 points, to 48,853 by 15:54 GMT. The broader S&P 500 declined 1.21%, or 81 points, to 6,858, while the Nasdaq Composite dropped 1.51%, or 344 points, to 23,170.