"President Trump's Greenland aspirations have inserted the latest layer of uncertainty into the markets. Technology stocks are dragging the markets lower today, with names such as Nvidia ( Nasdaq: NVDA), Google parent Alphabet ( Nasdaq: GOOGL), and Amazon ( Nasdaq; AMZN) each losing about 3% of their value in the sell-off. All three of the major stock market averages are trading in the red, with the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average all losing more than 1% to start the week."
"Precious metal prices have been soaring as geopolitical tensions escalate, with gold and silver spot prices crossing fresh all-time highs before pulling back slightly. President Trump has set his sights on acquiring Greenland and has warned he's willing to implement tariffs on any country getting in his way. President Trump is headed to Davos, Switzerland on Wednesday where he will be amongst global business leaders for the World Economic Forum followed by an invite-only reception."
"Hedge fund legend Ray Dalio has warned that the U.S. could face what he described as "capital wars" as other countries flee American assets in response to the Trump administration's aggressive policies. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 48,763.87 Down 618.11 (-1.25%) Nasdaq Composite: 23,173.14 Down 343.12 (-1.5%) S&P 500: 6,850.17 Down 89.84 (-1.3%)"
Technology stocks, including Nvidia, Alphabet and Amazon, fell about 3% each and dragged the Nasdaq, S&P 500 and Dow more than 1% to open the week. Most economic sectors were under pressure while energy stocks rose roughly 0.60%. Gold and silver spot prices hit fresh all-time highs before pulling back slightly as geopolitical tensions escalated. President Trump signaled interest in acquiring Greenland and warned of tariffs against obstructing countries, and he plans to attend the World Economic Forum in Davos. Ray Dalio warned of potential "capital wars" as foreign investors may flee U.S. assets. Corporate notes include Amazon citing tariff-driven consumer price effects and AeroVironment losing a government work order.
Read at 24/7 Wall St.
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