US Futures Hold Sharp Decline
2026-01-20 13:08
By
Andre Joaquim
1 min. read
Futures tied to US equities remained sharply lower ahead of the first session of the week following fresh tariff threats by President Trump and stress in global bond markets.
The three main averages were due to lose more than 1%, with heavy weights of tech giants in the Nasdaq 100 pressuring their futures by 1.5%.
President Trump announced plans to impose 10% tariffs on Denmark, Norway, Germany, the UK, France, the Netherlands, Sweden, and Finland by February should the countries continue to oppose the sale of Greenland to the US, which would to 25% by June unless a deal is reached.
In the meantime, tech giants were under pressure from higher borrowing cost benchmarks after pledges of tax cuts in Japan sent long-maturity bond yields sharply higher across major economies.
On the earnings front, 3M sank 4.5% pre-market despite beating revenues estimates in the fourth quarter.
Also, Netflix futures were 1.3% higher ahead of their report to be published after the closing bell.