US stock futures ticked higher Tuesday evening, offering a modest rebound after Wall Street suffered its steepest selloff in months.
Dow Jones Industrial Average futures (YM=F), futures linked to the S&P 500 (ES=F), and Nasdaq 100 futures (NQ=F) all edged up by around 0.1%.
The cautious move higher follows a bruising regular session that saw investors rush for the exits against a backdrop of global insecurity. The Dow (^DJI) plunged more than 850 points, while the S&P 500 (^GSPC) slid and the tech-heavy Nasdaq Composite (^IXIC) both dropped over 2%, weighed down by broad losses in megacap technology stocks.
All three major indexes recorded their worst daily performances since Oct. 10, with the S&P 500 and Nasdaq now in the red for 2026.
Trump escalated tensions by reiterating his push to acquire Greenland and threatening to slap 200% tariffs on French wine and champagne after French President Emmanuel Macron reportedly declined a role on Trump’s proposed “Board of Peace” for Gaza.
Tuesday’s downturn was accompanied by a classic “sell America” trade. US Treasury yields jumped sharply, with the 10-year yield briefly topping 4.3%, while the US dollar weakened. Gold (GC=F) and silver (SI=F) flew to more records.
All eyes Wednesday will be on the World Economic Forum in Davos, where Trump is set to hold meetings with other countries over Greenland and give his key address.
Wednesday also brings a day of oral arguments at the Supreme Court over Trump’s firing of Lisa Cook. The outcome of the case lays the groundwork for ensconcing Federal Reserve members in a legal framework that protects from presidential firing. The case is a landmark examination of the Fed’s independence as attempts are made to establish the central bank as “a uniquely structured, quasi-private entity”.
Meanwhile, attention is turning to a busy stretch of corporate earnings that investors hope can stabilize markets. Netflix (NFLX) fell in after-hours trading after its earnings showed more uncertainty ahead for the streaming giant. Johnson & Johnson (JNJ) and Charles Schwab (SCHW) are scheduled to report results on Wednesday, among a slew of mid-sized financial institutions.
Coming soon
Stock market coverage for Wednesday, January 21, 2026.