Stock Futures Slide Sharply as Markets Reopen, Volatility Increases
Stock futures have moved decisively lower with equity futures sliding as markets reopen after Monday's holiday. Markets are seeing sharp weakness and heightened volatility as investors grapple with escalating geopolitical and trade tensions that have rattled risk assets. Traders are reacting to President Trump's renewed tariff threats against several European nations, tied to his push for U.S. influence over Greenland, which have raised the threat of a broader trade conflict and prompted expectations of retaliatory measures from the European Union.This selloff in equities has been mirrored overseas, with European stock indexes extending losses and Asian markets also under pressure on concern that transatlantic trade frictions could dampen global growth. The drop in stocks has coincided with a flight to safe havens. Gold climbed toward record levels and silver hit historic highs as investors reduced exposure to risk-dependent assets and sought shelter in commodities. The U.S. dollar has weakened slightly amid these moves, while Treasury yields have been pressured by broader risk aversion and a global bond selloff.In pre-market trading, S&P 500 futures fell 1.54%, Nasdaq futures fell 1.82% and Dow futures fell 1.44%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -ImmunityBioup 19% after holding a Type B End-of-Phase meeting with the FDA regarding its supplemental biologics license application for AnktivaUP AS SAFE HAVEN ASSET DEMAND RISES -Newmontup 3%Agnico Eagleup 3%DOWN AFTER EARNINGS -Fastenaldown 6%3Mdown 5%KeyCorpdown 1%D.R. Hortondown 1%Fifth Thirddown 1%LOWER -Lululemondown 2% after Semaforfounder and activist investor Chip Wilson is seeking to remove private equity firm Advent's influence from the company's board in an ongoing proxy contestMicron (MU) down 1% after announcing it has signed an exclusive letter of intent to acquire Powerchip Semiconductor Manufacturing's P5 fabrication site in Tongluo, Miaoli County, Taiwan, for total cash consideration of $1.8B
