Tariff Tensions Shake Wall Street: U.S. Markets Reel from Trump's Greenland Gambit

Wall Street opened lower following tariff threats against Europe by President Trump, aiming to negotiate a deal for purchasing Greenland. Market volatility intensified with gold prices reaching record highs and global stocks sliding. A loaded week of economic data and earnings reports further fueled investor caution.

Wall Street braced for a rocky start on Tuesday as fresh tariff threats from President Donald Trump against Europe unsettled investors. The proposed tariffs are part of an attempt to negotiate the purchase of Greenland, which leaders in Greenland and Denmark have refuted.

Market volatility saw gold prices skyrocket to unprecedented levels, while global equities tumbled under the pressure of renewed geopolitical tensions. The day also marked Trump's one year back in office, a period characterized by significant market fluctuations.

Investors face a packed agenda this week, with crucial economic indicators including the U.S. GDP update and inflation gauges set for release. Earnings reports from major players like Intel and Netflix are anticipated amidst a backdrop of uncertainty over possible Supreme Court rulings on tariffs and shifting Federal Reserve leadership.