Nasdaq Erases This Year’s Gains, Dropping More Than 1.5% Today
Nasdaq 100 (US100) futures are down more than 1.5% today, slipping below the levels seen at the January 2, 2026 session open and wiping out all year-to-date gains. US cash equity trading will be closed today due to a national holiday, but markets have clearly reacted sharply to weekend headlines.
- Donald Trump announced 10% tariffs on major EU economies and the UK (reportedly set to take effect on February 1) and threatened to raise the rate to 25% if a Greenland purchase agreement is not finalized. Investors are viewing the move as excessive: the dollar weakened instead of strengthening, and overall risk sentiment has deteriorated. A potential escalation in Washington–Brussels relations could also have meaningful consequences for US tech firms operating in Europe.
- Germany’s cash DAX is down more than 1.2%. The US100 drop is particularly concerning given that recent record results from TSMC and the semiconductor euphoria failed to push the index to fresh highs. For months, software stocks have also been under pressure, with declines stretching from Salesforce to ServiceNow. Meta Platforms and Microsoft have also been lagging. If the tariff theme stays on the agenda, a deeper correction in US equities becomes more likely. At the same time, it appears unrealistic for a Greenland deal to be finalized before February 1.
Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
