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Market Turmoil Follows Trump’s Trade Threats, Gold Hits Record High

Market Turmoil Follows Trump’s Trade Threats, Gold Hits Record High

Author:

Global Cryptocurrency

Published:

2026-01-21 10:52:02

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BTCCSquare news:

US stock futures edged higher Wednesday morning, attempting to recover from Tuesday's brutal selloff that saw the Dow Jones Industrial Average plunge more than 850 points. The S&P 500 and Nasdaq Composite both dropped over 2%, marking their worst performances since October.

The selloff was triggered by President Trump's dual trade threats - demanding eight NATO countries approve his Greenland acquisition and threatening 200% tariffs on French wine. Investors appear to be applying the "TACO" pattern (Trump Always Chickens Out), betting these measures will be walked back after market reactions.

Gold surged to a record $4,864 per ounce as investors fled to SAFE havens, while the 10-year Treasury yield dipped to 4.27% after briefly spiking above 4.3%. Netflix shares fell in premarket trading following earnings, with Johnson & Johnson and Charles Schwab set to report Wednesday.

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