U.S. stock futures were down on Wednesday morning after the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) recorded their largest single-day drops since October 10 in the previous trading session. Traders reacted to U.S. President Donald Trump’s threat to escalate tariffs over his demand to acquire Greenland. Futures on the Nasdaq 100 (NDX), the S&P 500, and the Dow Jones were down 0.19%, 0.10%, and 0.26%, respectively, at 8:29 a.m. EST on January 21.
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During Tuesday’s regular trading session, the three major indexes closed sharply lower, with technology stocks leading the selloff. The Dow Jones and the S&P 500 declined by 1.76% and 2.06%, respectively, while the Nasdaq Composite fell 2.39%. Looking forward, traders are focused on Trump’s speech at the World Economic Forum in Davos today, where he will discuss the Greenland issue.
Turning to trending stocks, Netflix (NFLX) shares fell more than 7% in pre-market trading, despite the streaming giant beating sales and earnings expectations for Q4 2025 and reporting a solid surge in global paid subscribers to 325 million. Investors seemed to be concerned about the impact of rising costs on margins. Meanwhile, NFLX revised its bid for Warner Bros. Discovery (WBD) to an all-cash offer, fending off competition from Paramount Skydance (PSKY).
Meanwhile, United Airlines (UAL) stock rose more than 3% after the airline said that it expects to generate record earnings in 2026, driven by solid travel demand. In contrast, Kraft Heinz (KHC) stock fell more than 5% after Berkshire Hathaway (BRK.A) (BRK.B) registered its entire 27.5% stake in the consumer goods company for potential sale.