U.S. stocks slid sharply after President Donald Trump threatened new tariffs on several European countries, unsettling investors and dragging major indexes to their steepest daily losses since October as market focus returned to the Greenland dispute and trade uncertainty.
Investors enter a pivotal week featuring the Federal Reserve’s first rate decision of 2026 and earnings from major companies including Microsoft, Meta, Tesla, and Apple. Traders are weighing sticky inflation, policy guidance from Fed Chair Jerome Powell, and fresh signals about AI spending.
A Federal Reserve Bank of Atlanta update said firms’ year-ahead inflation expectations decreased to 2.0%, offering a data point that investors and policymakers watch as debates continue over price pressures, wages, and the path of interest rates.
A busy week for U.S. corporate earnings and regional business events is set to unfold in North Texas, including the Dallas Regional Chamber’s annual meeting and multiple high-profile earnings reports. The schedule also features economic data releases and a symposium focused on digital payments and stablecoins.
CenterPoint Energy said severe winter weather could knock out power for up to 200,000 customers in the Houston area, but the company said it expects many outages to be restored within 12 hours as crews pre-stage for the event.
European stocks fell and precious metals surged to new highs after Donald Trump threatened tariffs on several European countries, escalating a dispute linked to his push for a Greenland deal.