Netflix reported better-than-expected earnings of $12.1 billion in Q4 with 325 million subscribers, but stock fell 4% due to uncertainty over a potential $82.7 billion takeover of Warner Bros. Discovery. U.S. markets closed with Nasdaq (-2.39%) and S&P 500 (-2.09%) dropping over 2%, Dow declining 1.76%, erasing 2026 gains.

Geopolitical tensions over Greenland led to a market plunge, with most sectors, except consumer defensive and health care, ending in the red. S&P 500 closed below 6.8K, Dow fell by 870.74 points. Small caps fared slightly better with Russell 2000 only declining by 1.20%.

The U.S. stock market opened with heavy declines across all major indexes as tensions over Greenland escalated, impacting fixed income and commodity markets with Treasury yields rising. Concerns over potential flight from U.S. assets and global repercussions loom, leading to a flight to safe-haven assets like gold and silver.

Investors brace for fallout from escalating tensions over Greenland as Trump’s rhetoric threatens U.S. relations abroad. European leaders consider financial countermeasures and punt on U.S.-EU trade deal. Market reacts negatively with futures falling, Treasury yields rising, and stock market plunging.

Read more at Yahoo Finance: Nasdaq, S&P 500 fall 2% as Trump’s Greenland threats ignite drama with Europe