U.S. stock futures rose ahead of Wednesday’s session after the market suffered its worst day in three months. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were up 0.39%, 0.18%, and 0.36%, respectively, at 1:21 a.m. EDT on January 21.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Stocks fell sharply in Tuesday’s session after President Donald Trump renewed tariff threats tied to Greenland, just ahead of his scheduled address at the World Economic Forum in Davos on Wednesday. The Dow dropped about 1.8%, while the S&P 500 slid roughly 2.1%. Technology stocks led the selloff, pushing the Nasdaq Composite down 2.4%. All three major indexes posted their worst daily losses since October 10 and turned negative for 2026.
Tensions escalated further after Trump threatened to impose 200% tariffs on French wine and Champagne, following reports that Emmanuel Macron declined a role on Trump’s proposed Gaza “Board of Peace.” The developments have added to investor uncertainty as global leaders gather in Davos.
Investors are now turning their focus to earnings. Netflix (NFLX) shares fell in after-hours trading despite a narrow fourth-quarter earnings beat. Johnson & Johnson (JNJ), Halliburton (HAL), and Travelers (TRV) are set to report results on Wednesday.